The government has reversed hike in petroleum prices to its earlier prices of December 31. Prime Minister Yousaf Raza Gilani addressing the National Assembly announced that after deliberations with all the political leaders and economic team he has decided to take back increase in the petroleum prices. The PM said that reverting petroleum prices was very difficult decision but there was immense pressure over the government to take back the hike in POL prices. After the announcement, Opposition leaser in National Assembly, Ch. Nisar Ali lauded PM Gilani's decision to decrease POL prices.