Another petrol bomb on nation

By
fraaz
-
5
137

The government is all set to increase the Petroleum prices by Rs 7.68 per liter from April 01 and after this increase petroleum prices would be at the highest level during last two years.
Reliable sources told Online that Oil and Gas Regulatory recommended the government to increase the oil prices. OGRA has recommended increasing the prices of petrol by Rs 7.68, High Octane Oil (HOBC) by Rs 7.35 per liter and Light speed diesel Oil (LDO) by Rs 2.79 per liter.
Sources added that prices of High speed diesel oil (HSDO) were also likely to increase to Rs 3.65 and prices of Kerosene oil would be increased to Rs 3.64.
After the recommendations of the National Assembly Special Committee on petroleum prices, government announced to provide subsidy on diesel but this remained a hollow slogan and prices of High speed diesel would be increased to Rs 1.
Sources further told that closure of Pak Arab Refinery Limited and 20 percent increase in the freight margin were the reasons behind this upcoming increase in the petroleum prices.
Experts believe that this increase from the April would increase the prices of basic life commodities as transport prices would increase after it.

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5 COMMENTS

  1. what electronic and paper media is spreading among people? chaos and frustration by giving such inappropriate statements.. it is a fact that the fossil fuels are running out of preservation, obviously the market price will enhance day by day, the need is to exploit more fossil fuel reserves or talk about bio fuels ! DO NOT FRUSTRATE OUR PEOPLE by such statements!

  2. It is not the question of availability of fossil fuel. What is mind boggling is that in recent times the fluctuations are very much in numbers and that too towards higher side. It is happening all over the world and more frequently in corrupt countries like India & Pakistan. Infact , USA is deep neck involved in this as controlling the market . Ever thought why oil is traded in "$$" / barrel ? It has waged a war against every country who supplies oil and started dealing independently.

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