{"id":683,"date":"2022-07-14T19:13:42","date_gmt":"2022-07-14T19:13:42","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=683"},"modified":"2022-07-14T19:13:45","modified_gmt":"2022-07-14T19:13:45","slug":"pakistan-government-cuts-fuel-prices-to-pass-on-global-drop-to-consumers","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/683\/","title":{"rendered":"Pakistan government cuts fuel prices to pass on global drop to consumers"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Pakistan on Thursday night announced a decrease in fuel prices to pass on a decline in global prices to inflation-hit consumers.<\/p>\n\n\n\n<p>Pakistan is experiencing 13-year-high inflation, reaching 21.3% last month.<\/p>\n\n\n\n<p>\u201cToday fuel prices in international prices are coming down. We are passing on the benefit to the common man,\u201d Prime Minister Shehbaz Sharif said in a televised address late Thursday night.<\/p>\n\n\n\n<p>&#8220;We raised prices due to rising international prices and the common man suffered due to it. We had no option and had to take unpopular decisions,&#8221; Sharif added.<\/p>\n\n\n\n<p>The government about a fortnight ago raised the levies on petrol and diesel sales to fulfill conditions set by the International Monetary Fund for the resumption of a bailout package.<\/p>\n\n\n\n<p>The IMF on Thursday reached a staff-level agreement with Pakistan that would pave the way for disbursement of $1.17 billion, if approved by the IMF board, and was considering adding funds to the program.<\/p>\n\n\n\n<p>&#8220;The previous government did not honor the agreement it reached with the IMF. While on its way out the previous government froze the fuel prices, which made matters worse,&#8221; the prime minister said.<\/p>\n\n\n\n<p>Reporting by Syed Raza Hassan; Editing by Jonathan Oatis, Alexandra Hudson and Leslie Adler<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2022-07-14T19:13:45+00:00\"> 14 July 2022<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Pakistan on Thursday night announced a decrease in fuel prices to pass on a decline in global prices to inflation-hit consumers. Pakistan is experiencing 13-year-high inflation, reaching 21.3% last month. \u201cToday fuel prices in international prices are coming down. We are passing on the benefit to the common man,\u201d Prime Minister Shehbaz Sharif said in [&hellip;]","protected":false},"author":1,"featured_media":684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,36,16],"tags":[],"services":[],"class_list":["post-683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lastnews","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=683"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/684"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=683"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}