Pakistan’s leading business body, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called on the government to immediately reduce petrol and diesel prices following a significant decline in global crude oil rates.
The vice president of the Federation, Amaan Paracha, said diesel prices play a crucial role in the supply chain, and their increase has driven up transportation costs.
As a result, FPCCI VP noted, the prices of daily-use goods have risen sharply across the country.
He said that the rising cost of petrol has also placed a heavy burden on salaried individuals, making daily travel expenses increasingly difficult to manage.
Paracha added that recent increases in fuel prices, driven by regional tensions, had pushed diesel rates as high as 522 rupees per litre, transferring a significant financial strain onto low-income households.
Referring to international developments, he said that crude oil prices have begun to fall following the announcement of a two-week ceasefire between the United States and Iran.
In light of this, he urged the government to pass on the benefit of lower global oil prices to the public without delay.
Paracha further stated that expensive fuel has increased industrial costs, raising production expenses for businesses.
He stressed that a reduction in diesel prices is essential to lower production costs and support economic activity.
He called on the government to announce an immediate cut in petrol and diesel prices to provide relief to the public and ease the financial pressure on both consumers and industry.
