From last few months the crude oil prices were decreasing in the international market. However, in this regard no relief was given to the people of Pakistan as local prices were not changed by the government. In Pakistan local fuel prices are recommended by Oil and Gas Regulatory Authority (OGRA) every fifteen days, however, prime minister makes the final decision. The finance ministry is also kept in the loop in this regard. Anyways, after months, finally the petrol and diesel prices have been decreased. These new prices will be effective immediately from Dec 16, 2022 to Dec 31 2022. Details of new reduced prices are as follows. Product New Price Old Price Reduced by Petrol Rs. 214.8 Rs. 224.8 Rs. […]
In response to the price change summery by Oil and Gas Regulatory Authority (OGRA), the finance ministry have made following changes to the prices of different petroleum items. Petrol price was decreased by Rs. 0.25 per litter, Diesel Price was decreased by Rs. 2.40, light speed Diesel price was decreased by Rs. 2.90 and kerosene oil price was decreased by Rs. 0.90 or 90 Paisas Per litter. Hence after all these changes the petroleum prices of December 2019 were set to figures as follows in Pakistani Rupees. Petrol: 113.99 Diesel: 125.1 Light Speed Diesel: 82.43 Kerosene Oil: 96.35 What do you feel about these recent petroleum price changes?, do not forget to share your thoughts in comment section below.
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 […]
Prices hit the top, may not be technically correct because you can expect more from current administration but one thing for sure, this is gonna be hurting the economy much more. Also unlike the last the last government which was giving subsidy this one is earning lots of bucks per gallon. If one is sure that the money is going into the national reserves and being used correctly this sounds much fair. But there is no info ever released where this all money going. Is it being used for the betterment of people of Pakistan. The news here is that the petroleum prices increased, petrol price increased Rs. 6.10 per litter similarly prices of other products also increased similarly. Diesel […]