Govt decides on up to 13% increase in oil prices

[Bilal_Mushi]

Petrol bomb falls again, prices increase by 10 to 13 pc

Petrol bomb falls again, prices increase by 10 to 13 pc

Petrol bomb falls again, prices increase by 10 to 13 pc
Prices of petroleum products increased 10 to 13% by OGRA.



Once again, a petrol bomb falls on the nation by government. OGRA announces to increase petrol prices by 10 to 13%. This increase in prices of petroleum products was announced by OGRA during a press conference during the late hours of Thursday, Dunya News reported. According to Executive Director OGRA Syed Jawad Naseem, the new petroleum prices are as follows:


Petroleum Product Old Price New Price Increase in (Rs)

1. Super Unleaded (Petrol) Rs.76.58/l Rs 83.56/l Rs 6.98/l
2. HOBC Rs 90.22/l Rs 98.12/l Rs 7.90/l
3. Hi-Speed Diesel Rs 82.22/l Rs 92.89/l Rs 10.67/l
4. Light-Speed Diesel Rs 69.91/l Rs 78.98/l Rs 9.07/l
5. Kerosene Oil Rs 74.45/l Rs 84.10/l Rs 9.65/l


The Executive Director OGRA said in the press conference that petroleum prices have been increased up to 40% in the global market. But Pakistan has increased the prices of petroleum products by only 18%. He also said that during last five months, government has given a subsidy of 35 billion rupees on petroleum products and in April, an additional subsidy of 10 billion rupees will be given

http://www.dunyanews.tv/index.php?key=Q2F0SUQ9MiNOaWQ9MjMxNDM=

 

[imehmood]

Re: Petrol bomb falls again, prices increase by 10 to 13 pc

Govt. every month allow MQM to start blackmail and get something thru blackmailing. Dont bother its all drama next day govt negotiate with MQM and half the price of increase will revert. Target achieve. Now this te way to increase the price. AWAm ki aakhoon mein dhool jhokein jao. Ameen

 

[simple_and_peacefull]

THE EXPRESS TRIBUNE
DATED : 1/4/11

http://1.2.3.12/bmi/i1.tribune.com.pk/wp-content/uploads/2011/04/Petrol1-640x480.jpg

Official notification yet to be issued, political reaction uncertain.
ISLAMABAD:
In a decision made in the early hours of Friday morning, the government decided to increase oil prices by between nine per cent and 13 per cent for the month of April.
The government has decided an increase of up to 13 per cent, the Finance Minister Abdul Hafeez Sheikh told The Express Tribune.
Petrol prices are scheduled to go up by Rs6.90 per litre, or 9 per cent, to Rs83.48 per litre. High Speed Diesel prices are expected to go up by Rs10.67 per litre, or 13.2 per cent, to Rs93.08 per litre.
As The Express Tribune went to press, the notification for increased oil prices had not gone up on the website of the Oil and Gas Regulatory Authority.
The decision comes in the wake of concerns that the government would not increase oil prices after coming under heavy political pressure from the opposition as well as its own coalition allies, particularly the Muttahida Qaumi Movement (MQM).
The prime minister has directed the finance ministry a mechanism to provide relief to the end consumer but the government had to increase oil prices, said Finance Secretary Waqar Masood, referring to the populist pressure on the government to keep oil prices down.
In the wake of a surge in global oil prices, the government has been absorbing the increase through lower petroleum taxes, which is denting its revenue targets. The government has already taken a Rs21 billion hit in revenue collection as a result of the decision to freeze oil prices from December to February and only partially pass them on in March. The total financial impact will come to around Rs37 billion or 0.2 per cent of the total size of the economy.
The government has set a target of Rs110 billion in revenues from petroleum taxes but due to its inability to apply a consistent rate, it has only collected Rs34 billion in six months.
Last month, the government increased the petroleum prices by ten per cent but later halved the increase within five days, owing to intense pressure from the MQM.
In recent months, the government has been considering launching targeted subsidies for the poorest segments of society to shield itself from the criticism that it does not protect the most economically vulnerable citizens. This approach would likely be less costly than the current approach of controlling prices through varying tax rates.
The approach is that instead of giving general subsidies to the people, the government would rather give targeted subsidies, and will also take all possible efforts to ensure that these are not abused by the wealthy people, said the finance minister earlier this month.
Published in The Express Tribune, April 1st, 2011.

 

[jh_haroon]

عوامی حکومت کا ایک اور کارنامہ

یہ اشتہار حکومت پاکستان کی طرف سے آج کے اخبار میں پٹرول مہنگا ہونے کی بعد چھپا ہے
.مجھے سمجھ نہیں آ رہی کے میں اس نوازش پہ کیسے حکومت کا شکریہ ادا کروں
کیا آپ لوگ اس پر کچھ اظہار خیال کریں گے؟

​

 

[w-a-n-t-e-d-]

Re: عوامی حکومت کا ایک اور کارنامہ

petrol etna mehanga hojayga k ghareeb osko khudh kashi k leyh bhi nahi estimal kar payga ..

yeh hukmati iqdam khodh kashi ki sharahhh kam krny k leyh hain ;)

 

[haqiqat]

Re: عوامی حکومت کا ایک اور کارنامہ

in USA its 3.80 to 3.90 $ a gallon which is in pak rupees 335 per gallon and if you divide 335 by 4.5 litres then its 74 rupees per litres which is i guess fine not much difference there nothing the government can do about it its increasing in the international market !!!!!!!!!!!!!!

 

[Nice2MU]

Re: عوامی حکومت کا ایک اور کارنامہ

Does any body know how much this "Mughlia Govt." spend on such Advertisements?