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Oil price cut to consumers: Govt urged to pass on benefit

March 17, 2025
in Markets
Oil price cut to consumers: Govt urged to pass on benefit
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KARACHI: The world oil prices witnessed a big cut but our rulers didn’t pass on its benefit to the Pakistani masses, which is highly regretful, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday.

He said when the world oil prices rise, the local oil prices are increased immediately by the government, but when these prices come down, the rulers instead of passing on their benefit to people decide to keep them unchanged. He said this is a great economic exploitation of our masses by their own government.

He said no one takes care of the rights of Pakistani consumers and oil marketing companies and the government jointly loot them.

Altaf Shakoor said not only the oil mafia but also sugar mafia loot Pakistanis mercilessly.

He said sugar millers were allowed to export sugar on guarantee that the local prices would not be increased, but the sugar millers and traders increased the prices of sugar sharply in the holy month of Ramzan to extort billions of rupees from the Pakistani consumers.

He said this act of exploitation was silently supported and backed by our rulers and opposition, who own dozens of sugar mills.

He said sugar mafia people sit in assemblies and though belonging to different main political parties in Pakistan in both government and opposition they are united with one another when it is the matter of exploitation of consumers.

He said oil and sugar mafias are big and powerful cartels and nobody dares to take action against them under the competition and anti-cartel laws.

Copyright media, 2025

Tags: Altaf Shakoorglobal oil pricesoil marketing companiesOil pricesPDPPDP Chairman
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