Federal Minister for Planning Ahsan Iqbal chaired a meeting of the National Price Monitoring Committee which observed that the decrease in petroleum products prices has not been effectively translated to a decrease in transport fares which is a matter of concern.
The representatives of the Pakistan Bureau of Statistics (PBS) gave a detailed presentation on the inflation situation. PBS highlighted a significant disparity between the prices of various food items and those in the open market.
The PBS highlighted large gaps in the wholesale and retail prices of some essential commodities in each province and at the national level. It was also observed that the decrease in POL prices has not been effectively translated to transport services.
The minister also noted that despite the reduction in petroleum product prices, there has been no decrease in transport fares, which is a matter of concern. In this regard, he directed provincial governments to take immediate steps to reduce transport, wholesale, and retail prices.
The minister emphasized that the government is taking strong measures to provide maximum relief to the common man, and there will be no compromise in this regard.
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