Petrol price likely to go up by Rs14.37 from May 1

[Lincoln]

Not really. It is inevitable given the underlying weakness of the Pakistani economy.

A never ending cycle then which puts Pakistan further down the pit.

 

[VCheng]

A never ending cycle then which puts Pakistan further down the pit.

That is probably correct. In fact, it is correct, I think.

 

[maithil]

With this raise, inflation might just cross double digit.

 

[Pakistani Fighter]

The Oil and Gas Regulatory Authority (OGRA) has recommended increasing prices of petroleum products by as much as Rs14.37 for the month of May.

In a summary moved to the Petroleum Division on Monday, OGRA proposed that the price of high speed diesel (HSD) be raised by Rs4.89 per litre and petrol price be hiked by Rs14.37 per litre for the next month.

The regulator has also requested an increase in prices of kerosene oil of Rs7.46 per litre while a rise of Rs6.40 per litre has been recommended for light diesel oil (LDO).

If the government accepts this recommendation, then diesel prices would inflate to Rs122.32 per litre, petrol to 113.26 per litre, LDO to Rs86.94 per litre and kerosene oil would go up to Rs96.77 per litre.

Prime Minister Imran Khan will take the final decision over the price hike after consultations with the petroleum and finance ministries.

Last month, the government had raised the oil prices by up to Rs6 per litre for April in line with fluctuation in global oil prices.

Prices of petrol and high speed diesel were increased by Rs6 per litre each, and Kerosene oil and light diesel oil by Rs3 per litre each.

The price of diesel was inflated from Rs111.43 to Rs117. 43 per litre, petrol from Rs92.89 to 98.89 per litre, LDO from Rs77. 54 to Rs80.54 per litre and kerosene from Rs86. 31 to Rs89.31 per litre.

High speed diesel is widely used in agriculture and transport sectors and therefore increase in its price would have a direct impact on life of a common man due to inflationary impact. The petrol is used in vehicles. Kerosene is used in remote areas for cooking where LPG is not available.

https://www.pakistantoday.com.pk/20...p-by-rs14-37-from-may-1/#.XMgN-ZgYglw.twitter

Tabdeeli Mubarak Ho

 

[Riz]

No wonder why your national economy is too sick while most of you guys are healthy. Do you have any other similar comparison in different areas??

Pak have Zero ratio of sucide in our army... What about indian army???

 

[MastanKhan]

@MastanKhan @Mangus Ortus Novem Your comments please

Hi,

The price of gas went up from here in southern california fro $2.79 / gal to 3.89 a US gal in march---.

 

[Lincoln]

Pak have Zero ratio of sucide in our army... What about indian army???

Talking about army or economy here?

 

[Tom M]

Pak have Zero ratio of sucide in our army... What about indian army???

Because they've to pay less for petrol as compared to IA soldiers, huh?? Strange logic.

 

[Verve]

Does anyone have the breakdown of fuel consumption split by industries and public?

 

[MastanKhan]

Hi,

The price of gas went up from here in southern california fro $2.79 / gal to 3.89 a US gal in march---.

And that is basically an increase of pak RS.160 for 1 US gal of gasoline.

 

[VCheng]

And that is basically an increase of pak RS.160 for 1 US gal of gasoline.

We are around $3.50 these days.

 

[Verve]

Hi,

The price of gas went up from here in southern california fro $2.79 / gal to 3.89 a US gal in march---.

£1.21 to £1.31 for diesel in UK, from March.

In PKR: 223 to 242

 

[MastanKhan]

Hi,

In the US---in feb / march---prices start going up---. Refineries slow down or are shutdown for servicing and change to summer fuel---.

Specially in california---the state has not allowed any new refineries to be built sin the 1970's due to emissions and pollution from the refineries---.

These old refineries have to work overtime at full capacity all the time---. And if there is a mishap---the prices shoot up---.

Also the demand of fuel goes up in spring time heading up to summer and fall---.

 

[shah_123]

It is clearly not the way to go about it. You know what else reduced imported commodity? Currency devaluation.

What do you say? Government should devalue rupee to 200 perhaps?

No country reduced imports like this. You are also killing your national revenue by this, it effects people's purchasing power, limits industries, trade, and the loss goes to State. This is really common sense.

PTi govt is like a monkey with a gun --- They are just trying to reduce imports .......

No wonder why your national economy is too sick while most of you guys are healthy. Do you have any other similar comparison in different areas??

PTians are just trying to protect their genius Imran Khan .

Comparison only and only for petrol, full stop.

 

[Peaceful Civilian]

Indians paying US$ 1.10 for 1 liter petrol.... Pakistanis paying 0.70 US$ for 1 liter petrol....

I think we should further increase oil prices. Why keep burden on economy by subsides. Our economy suffers become everybody want free items.