Petrol increased by PKR 30 to PKR 209.9

[ghazi52]

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https://twitter.com/x/status/1533161424843059200

 

[VCheng]

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View attachment 851947

This is NOT an IMF demand. It is about what the actual price of a liter of petrol is without subsidies. The IMF demand is only for the government to stop subsidies that it has no money to pay for.

 

[AZADPAKISTAN2009]

People should also ban buying Sugar from Sharif Mills and Jahangir Tareen Mills

 

[HAIDER]

What is your opinion about it? Can the Pakistan government afford this?
View attachment 851443

Almost 100,000 vehicles are in use of bureaucracy ..... the biggest curse... Billions of dollars govt spends on their foreign visits and other luxury items.

 

[Enigma SIG]

Almost 100,000 vehicles are in use of bureaucracy ..... the biggest curse... Billions of dollars govt spends on their foreign visits and other luxury items.

Give them a sohrab cycle without a seat. Khali danda ho jis pr kante lage houn.

 

[ghazi52]

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Russia Pakistan oil trade has been a topic of discussion for months in Pakistan. Its also a matter of interest for public, because of massive hike in fuel prices in Pakistan. Ex PM Khan claimed that he wanted to buy Russian oil on cheap prices to provide relief to the public, but there was no official statement from Russian authorities until now .

The Consul General of the Russian Federation Mr. Andrey Fedorov has confirmed that oil trade was discussed during the visit of the former Prime Minister Imran Khan to Russia.

He was Speaking at a press conference at the Russian Consulate, where he said if Pakistan government contacts us, we are ready to provide oil on cheap rates.

He said, "Russia is interested in supplying oil on cheap prices to other friendly countries including Pakistan." He added that, this is just an excuse that Pakistan does not have refineries to treat Russian crude oil.

 

[ghazi52]

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[Maula Jatt]

https://www.reddit.com/r/chutyapa/comments/vu828e

 

[my2cents]

View attachment 850355

Miftah the commissioned eunuch to destroy Pakistan just raised petrol prices by 30 and electricity tariffs by 7.

May this MFer and his abba's burn in fucking hell.

You are on par with India with respect to petrol ️.

 

[my2cents]

Because the lowering of fuel prices has always been used by an incumbent government to showcase it's economic prowess, while an increase in fuel prices is always used by the opposition to criticize economic policies of the government.

IK did do one somewhat sensible thing, reduced the taxes on fuel so that the govt pockets less money. There was a school of thought at that time, and one which is scientifically backed, that you will lose more from other sources by increasing fuel prices (in the form of inflation and reduced industrial output) than you will by giving out a certain subsidy for the fuel.

This subsidy amount has to be calculated by looking at data to ascertain the exact amount at which you lose more from other sources than from the subsidy.

In Sri Lanka they did for same reason and look where they ended up. Once you hook them with subsidy it is unlikely you can undo it with out a fall-out.

 

[manpk77]

Just wait and watch how the fuel price touch Rs400Pkr/L very soon.

 

[blain2]

Why is any of this a surprise?

Can the country afford subsidies to keep these prices artificially low? No way!

This was coming for a long time. Each government played its own games knowing that we had no money to pay for softening the blow. IMF clearly told both the PTI and the PML governments that given the global increase in the price of oil, Pakistan had no fiscal cushion to give. These blows were just kicked down the line.

Its nonsense selectively laying the blame at the doorstep of the current government, the blame goes to the previous one as well. If they don't raise the prices, we will have another Sri Lanka like episode in Pakistan with a default.

 

[SQ8]

Why is any of this a surprise?

Can the country afford subsidies to keep these prices artificially low? No way!

This was coming for a long time. Each government played its own games knowing that we had no money to pay for softening the blow. IMF clearly told both the PTI and the PML governments that given the global increase in the price of oil, Pakistan had no fiscal cushion to give. These blows were just kicked down the line.

Exactly! What could have been a pin prick in their right times now comes as a machete