{"id":64967,"date":"2020-05-01T10:00:00","date_gmt":"2020-05-01T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64967"},"modified":"2020-04-30T16:00:37","modified_gmt":"2020-04-30T11:00:37","slug":"government-announce-decrease-oil-prices-may-1-2020","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/government-announce-decrease-oil-prices-may-1-2020.html","title":{"rendered":"Government to announce decrease in oil prices today"},"content":{"rendered":"\n<p>Islamabad: The federal government is expected to announce a decrease in oil prices today (Friday), a news source reported. Previously, Advisor to Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh had stated that the government intended to provide the benefit of globally reduced oil prices to domestic consumers through a formal announcement on May 1. \u00a0<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/crude-oil-rates-fall-negative-in-us.html\" target=\"_blank\" rel=\"noreferrer noopener\">Crude oil rates fall negative in US, plummet in international markets<\/a><\/p>\n\n\n\n<p>Shaikh highlighted that the cost of transport and energy would reduce in the country, in the early weeks of May, after the government made the important announcement. He also expressed his regret that the COVID-19 pandemic has put a significant dent in the progressing Pakistani economy.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/savings-petroleum-import-govt-mulls-bringing-prices-down.html\" target=\"_blank\" rel=\"noreferrer noopener\">Savings on petroleum import; govt mulls bringing prices down<\/a><\/p>\n\n\n\n<p>However, he said that the improved relations with the International Monetary Fund (IMF) and other global lenders have been a \u2018blessing in disguise\u2019 as these institutions have aided the country by relaxing the debt servicing terms during this crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government is expected to announce a decrease in oil prices today (Friday), a news source reported. Previously, Advisor to Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh had stated that the government intended to provide the benefit of globally reduced oil prices to domestic consumers through a formal announcement on May 1. \u00a0 Read: Crude oil rates fall negative in US, plummet in international markets Shaikh highlighted that the cost of transport and energy would reduce in the country, in the early weeks of May, after the government made the important announcement. He also expressed his regret that the COVID-19 pandemic has put a significant dent in the progressing Pakistani economy. Read: Savings on petroleum import; govt mulls bringing prices down However, he said that the improved relations with the International Monetary Fund (IMF) and other global lenders have been a \u2018blessing in disguise\u2019 as these institutions have aided the country by relaxing the debt servicing terms during this crisis.<\/p>\n","protected":false},"author":68,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[27847],"persona":[],"class_list":{"0":"post-64967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-details-on-government-to-announce-decrease-in-oil-prices-today","9":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government to announce decrease in oil prices today - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government is expected to announce a decrease in oil prices today (Friday), a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/government-announce-decrease-oil-prices-may-1-2020.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government to announce decrease in oil prices today - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government is expected to announce a decrease in oil prices today (Friday), a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/government-announce-decrease-oil-prices-may-1-2020.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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