He said that as per the government's own price mechanism, there should be an immediate reduction in the prices of not only the POL products but also in the electricity tariff, and transport fares. However, he regretted that the high ups were reluctant to reduce the prices. Alam said that world oil prices had been constantly falling for the last few years, but the government was reluctant to give relief to the consumers with the same ratio.
He said that the country was facing serious economic crises and the prices of essential goods were on the rise, therefore the government must pass on the benefits of reduction in oil prices to the masses. Alam said that the government as per its claim of being business and investment friendly should reduce the POL products prices honestly.