Govt accused of earning huge illegal profit on petroleum prices.

Lahore, September 02, 2009 (Frontier Star): Mohammad Pervez Malik, Senior Political Assistant to Chief Minister Punjab and former Member of National Assembly, has strongly criticized the government for earning huge illegal profit on petroleum prices. In a Press Statement issued here on Wednesday, Pervez Malik said that government has raised the prices of petroleum products without thinking its very bad affects on trade, industry and common man. He said it seems that after a few days government would also raise the prices of electricity as well. He said industrial input cost would further rise, as petrol and electricity are the basic raw materials of industry. He said Pakistani merchandise are already suffering hard to compete in the international market and if government keep continue to take negative steps, Pakistani exports would further squeeze. He said at the time when trade, industry and common man are fighting for their survival, despite conferring any relief, government is putting more fuel on fire. He said raise in petrol price would reduce the peoples buying power and poverty level would go up. He urged upon the government to immediately withdraw the raise in petroleum prices and cut its own expenses without sipping the blood of nation.

(THROUGH ASIA PULSE)