Impact of war- Pakistani ministers not getting salary for 6:2 days ago petrol price hiked by ₹137, reduced by ₹80 after protests

The impact of the Israel-America war with Iran is visible in Pakistan. There, ministers’ salaries have been stopped for the next 6 months. Two days ago, petrol was made expensive by ₹137 and diesel by ₹184. However, when protests occurred across the country, on Friday the government reduced petrol prices by ₹80. Now petrol in Pakistan will be available at ₹378 per liter. Diesel will be available at the increased price of ₹520.35 per liter only. Cabinet ministers’ salaries stopped for 6 months To tackle rising inflation and economic crisis, Shehbaz Sharif also announced strict measures. He said that earlier a decision was taken to withhold 2 months’ salary of cabinet ministers, but now ministers will not receive salary for the next 6 months. Information given in midnight address to the nation Addressing the nation at midnight on Friday, PM Shehbaz Sharif said that the government has decided to reduce petrol tax by 80 rupees to lessen the burden on the public. The new prices have been implemented immediately at petrol pumps across the country. Sharif also clarified that these petrol prices will remain stable for at least the next one month. Earlier the price had crossed ?458 Two days ago, the Shehbaz government had increased the tax on petrol from 105 rupees to 160 rupees. Due to this, the price of petrol here increased from 321.17 rupees to 458.41 rupees per liter. The price of High-Speed Diesel (HSD) had also increased by Rs 184.49 to Rs 520.35 per litre. However, the levy on diesel was eliminated, following which demands were being raised to provide relief in petrol prices as well. Gulf countries’ situation cited as reason for inflation In his address, the Prime Minister said that the ongoing conflict in West Asia and the closure of the ‘Strait of Hormuz’ have affected petroleum supply worldwide. Due to this, oil prices in the international market have risen sharply. He said that oil prices had been increasing daily for the past three weeks, but considering the difficulties of the common man, we did not pass this burden onto the public. The government provided a subsidy of approximately Rs 129 billion during this period. Major announcements for farmers, bikers and transporters The relief is not limited to just reducing petrol prices; the PM has announced direct subsidies for several sections Crude oil prices reach 110 dollars Amid the America-Israel and Iran war, crude oil prices are witnessing a sharp surge. Brent Crude prices have reached close to 110 dollars per barrel today with a gain of 7%. India had also reduced excise duty on petrol-diesel by 10-10 rupees Earlier in India too, the government had reduced the Special Excise Duty on petrol and diesel by 10-10 rupees. The duty on petrol was reduced from 13 rupees per liter to 3 rupees, while on diesel it was reduced from 10 rupees to zero. By reducing the excise duty, petrol-diesel prices have been kept stable.