ISLAMABAD: Prime minister Yousuf Raza Gilani has announced in the National Assembly that petroleum prices be reverted back to the prices declared on October 31, 2010.
He said that the issue could not be addressed earlier due to the tragic assassination of Governor Salmaan Taseer.
On his return he had a joint discussion with the Finance Minister, Abdul Hafeez and other members of parliament.
The prime minister said the decision was made keeping in mind the opinions of all political parties.
They also took into account the protests over the hike in petroleum prices and decided to reverse the prices back to the rates that were effective on October 31, 2010.
The Prime Minister also urged a parliamentary committee be formed for developing strategies to overcome the issue of fluctuating prices of oil and petroleum.
Leader of the opposition, Chaudhary Nisar appreciated and lauded Gilani’s decision in the National Assembly.
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