Prime Minister Muhammad Nawaz Sharif has written a letter to all provincial Chief Ministers after reduction in petroleum prices as a result of the appreciation of Pak. Rupee vis-à-vis dollar, marking a decrease by 5 percent in import costs.
Prime Minister has said that it is high time to pass on benefits of cheaper imports and cheaper cost of transportation to the citizens. People of Pakistan expect reduction in fares of urban and inter-city transport, stated the Prime Minister.
In his letter to Chief Ministers, PM further stated that “We expect lower prices of essential commodities due to lower transportation costs. I expect your personal interest and strong follow-up for immediate relief to the people of Pakistan”.
Earlier, the Prime Minister approved reduction in prices of petroleum products.