Tag: price hikes Pakistan

Basic Needs

Supreme court took notice of electricity price hike whereas the petrol and electricity prices hike challenged in Lahore High Court

Chief Justice Iftikhar Muhammad Chaudhry along with two other members of bench took notice of recent electricity price increase. He asked government to submit the details of tariff to the court, further more he mentioned that the poorest of poor have been badly affected by the recent blunt power price hike from Pakistan Muslim League – Nawaz (PML-N) led Government of Pakistan. On other hand an advocate, Masiur Rahman Chaudhry have filled a petition against the electricity and petroleum prices increase by government of Pakistan in Lahore High Court (LHC). According to Advocate Masiur Rahman the prices of petroleum prices are lowering all over the world, so its illegal to increase the price of petroleum products in Pakistan at this […]

Petroleum

Prices of petrol and High Speed Diesel increased heavily by Government of Pakistan

Recently Pakistan Muslim League – Nawaz (PML-N) which is in government right now, seems to be punishing people for giving them heavy mandate. They have recently increased the prices of Electricity very much heavily along with price hike in petroleum prices. Price of petrol have been increased by Rs. 4.12, which would now set new per liter price at Rs 113.25 from the previous Rs. 109.13. Similarly price of high speed diesel have been increased from Rs. 112.26 to 116.95 with increase of whooping Rs. 4.69 per liter. Price of High Octane Blending Component (HOBC) have also been increased by Rs. 5.57 to 143.90 per liter. Not only this, the price of kerosene oil have been also increased, this is […]

Basic Needs

No more subsidies on petroleum prices, major price hikes are in place in Pakistan

Another petroleum prices hike was took in place on Saturday in Pakistan to keep up with the price hike going on in the International market. According to government these price hikes were to keep up with International market and they can not provide any subsidies to people any more. I doubt that they were providing any subsidies to people in recent past. This is second major hike in petroleum prices in time period of just few days. As soon as this price hike came in place the price to diesel approaches to the Rs 100 mark with its current price of 97.31 from old price of 92.89 which was set few days ago after a previous raise in price.  The […]