Without showing any mercy to the people already cornered by inflation and economic instability, the government apathetically passed on the full impact of rising international oil prices to the consumers on Tuesday by raising POL prices to a record high, an increase of 3 to 6 percent accompanied by a 10 percent increase in cess on Compressed Natural Gas (CNG) with effect from February 1 (today).
According to a notification from the Oil and Gas Regulatory Authority (OGRA), the price of petrol has been increased by Rs 5.37 per litre to Rs 94.91 per litre, High Octane Blended Component (HOBC) by Rs 6.29 to Rs 118.20 per litre, High Speed Diesel (HSD) by Rs 4.64 to Rs 103.46 per litre, Light Diesel Oil (LDO) by Rs 3.43 to Rs 90.21 per litre and Super Kerosene Oil (SKO) by Rs 2.78 to Rs 92.02 per litre. Another notification issued by OGRA said CNG prices in Region I (comprising Khyber Pakhtunkhwa, Balochistan and Potohar including Rawalpindi, Islamabad and Gujjar Khan) had been increased by Rs 0.71 to Rs 74.29 per kg, and in Region II (comprising Sindh and Punjab) by Rs 0.36 to Rs 69.60 per kg. The All Pakistan CNG Association (APCNGA) condemned the increase in gas cess.
An official source said OGRA had recommended adjusting the increase in POL prices by lowering the petroleum levy (PL), as consumers were also paying GST on fuel. The Petroleum Ministry also supported OGRA’s recommendation, but the Finance Ministry rejected it nonetheless. Earlier, at the meeting of the National Assembly Standing Committee on Petroleum, Petroleum Secretary Ejaz Chaudhary made a spirited defence of Petroleum Minister Dr Asim Hussain for giving a before-time statement on increase in POL prices, which parliamentarians had criticised as a cue for hoarders to stock supplies. However, the secretary said the people in the business were well aware of the situation as they monitored the international oil prices on a daily basis and the impact could easily be calculated online. He said that the ministry was working on a formula to bring price parity in various fuel prices to end the excessive demand for gas. He said the prices of fuels could be brought at par with each other by reducing the PL.
Main Dua karun ga kay is govt kay saray log aj soay or kal Who Allah Kay samnay hun or Uper wala in ko saza dey raha ho Ameen
Bus Bhai logon nay PPP ko Choose kiya Benezair kay chakar main or PPP nay sab ka khoon pee liya
Awam mar rahi hai per Bhutto aj bhi zinda hai 😛 bhutto khapay 😉 Zardari Khapay 😉 Khapay sub log 😉
Jiya Bhutto
I have informed readers in advance in one of my articles. Please check the real reason behind this upsurge in oil prices.
https://www.pakistantoday.mbt.pk/2012/01/why-i-am…
Shan Saeed
Asia Pacific
I guess we have to pay for Zardari's medical/vacation in Dubai and Gilani's trip to Davos among other things.
Memo to government, get your boot off the neck of the people and stay home and do some work for a a change
What is the point of an annual budget speech, when this goes on happening?
This government is totally a SHEAT and surrendered by opportunists.the MQM is looking to remain in the puppet government at any cost.they are very greedy from their birth.What Gullo Bay Taj Badshah altaf Hussain is doing in London.Why he is prolonging his so-called self excile in enemy country.Britain is not sincere with human beings,they are utilising the innocent some people for their own naked interests only and Tafa Hussain is playing in their hands only.Now is the time to come on the roads and push the sand wlls of rhis bloody government,otherwise the nation will be more screwed and lots of hike proces drones will be tried on them.Now is the time to stand and unitedly fight against this Awam Dushman Government.how was the leader of PPP,the worst results will face by the Awam.
Well said, Sir.
lanat zardari per
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