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Nawaz opposed, Shehbaz endorsed hike in petrol prices: Miftah in trouble as Zardari too speaks against oil prices

ISLAMABAD: As the government has increased petrol prices from Monday midnight despite a significant decrease in international oil prices and decline in value of the US dollar in the country, a controversy has begun in the file and ranks of the PML-N, PDM and among the masses.

The Brent crude oil prices have plunged by over $30 per barrel in recent weeks, from a record high level of $127/barrel to below $95 barrel on Aug 16 while the US dollar too has lost its value by 35-40 rupees in the inter-bank and open market trading in Pakistan.

Finance Minister Miftah Ismail seems to be under pressure at this time as Co-Chairman of PPP Asif Ali Zardari too blamed the PML-N for increasing petrol prices without taking onboard the coalition partners. Zardari said the government must hold discussion before taking such decisions.

The people were eyeing 15-20 rupees reduction in domestic oil prices from Aug 16, but the government has shocked the masses by enhancing petrol prices by Rs6.19 per liter and reducing just 51 paisa/liter price of diesel _ making a mockery of the sentiments of the people looking for relief from the government amid record price hike.

Maryam Nawaz, Vice-President of Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz Sharif on Tuesday said party supremo Nawaz Sharif “strongly opposed” the government’s decision to raise petroleum prices.

In a tweet, Maryam said that Nawaz walked out of a meeting after saying that he “cannot even burden the people with another penny” and that “if the government’s hands are tied, then I [Nawaz Sharif], am not party to this decision.

However, Finance Minister said that without the consent of PM Shehbaz Sharif, he was not in a position to enhance oil prices.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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