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PPP Senator Raza Rabbani. — File photo
PPP Senator Raza Rabbani. — File photo

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.

Comments (6) Closed

saddam hussain Jul 28, 2013 07:41am

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

saddam hussain Jul 28, 2013 07:42am

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

krishna prasad Jul 28, 2013 09:43am

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.

Reader Jul 28, 2013 12:53pm

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.

Justice Jul 28, 2013 02:43pm

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

Parvez Jul 28, 2013 04:41pm

........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.