ISLAMABAD: PPP Senator Raza Rabbani has asked the government to reduce the prices of petroleum products to provide relief to people during Ramazan.

In a statement on Saturday, Mr Rabbani said oil companies and dealers had already earned an additional profit of about Rs360 million in the wake of a controversial decision during the last days of the PPP government. In February, the Economic Coordination Committee of the cabinet had decided to increase the margin of oil companies and dealers by 25 paisa and 41 paisa per litre.

He said the ECC had called for a detailed study to be carried out within three months for a revision in the margin of oil companies and dealers. The interim period for the study ended on May 31, but oil companies continue to enjoy the enhanced profits illegally.

Senator Rabbani expressed concern over a fresh summary sent by the petroleum ministry to the ECC, seeking an extension in the current margin for another four months as an interim arrangement. This collusion between the bureaucracy and the cartel of oil companies was at the expense of the common man, said the senator.

He said most oil companies made huge profits at the cost of Pakistani people and then transferred this profit out of Pakistan.

More From This Section

Punjab govt accused of being soft on militants

Senior officials say the govt has been “sleeping over” regular intelligence reports on militants' presence in Punjab.

PM summons meeting after attack on Hamid Mir

A discussion of Saturday’s attack on Hamid Mir would be on the agenda for the high-level meeting scheduled for Sunday.

Meeting with TTP committee cancelled

It was going to be the first meeting after TTP refused to extend its ceasefire, but also opened the door for dialogue.

‘ECB annoyance made PCB give Rashid cold shoulder’

According to sources, the ECB was not happy with PCB's offer to Rashid who has been blunt in his support of Kaneria.

Comments are closed.

Comments (6)

saddam hussain
July 28, 2013 7:41 am

i like sir raza rabbani and he is the true leader of pakistan and we want him as a president of pakistan

saddam hussain
July 28, 2013 7:42 am

always said truth and never back down, we like u and wanna see as a president of pakistan.. . <3

krishna prasad
July 28, 2013 9:43 am

When PPP was in total control of the government, why has not taken stern measures to enforce the law and check the officers in colluding with dealers from increasing the prices and continuing it? I know it is still not too late to stop it.

July 28, 2013 12:53 pm

Can Mr Rabbani explain to the people of Pakistan as to what actions did his party take when they were in govt and how many politicians of most political parties have their financial assests outside Pakistan? All most all, otherwise Pakistan wouldn't be bankrupt and will not beg aid from other countries especially the US.

July 28, 2013 2:43 pm

and are you forgetting it all started under your government??:s

July 28, 2013 4:41 pm

........and who was in power for the last 5 year ?? ........ did this all happen overnight ?? Its a shame that accountability like all else was never taken seriously but used only as a political tool.

Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
From The Newspaper