Tag: Inflation

Economy

Pakistani Rupee hits record low against US dollar once again

From few days daily Rupee is in pressure again US dollar and other stable currencies of the world. Rupee today again traded at record all time low of  90.48 against US dollar. This is the true depiction of weakening economy of Pakistan. Pakistan have now few outstanding payments of Oil bills, also increasing loan pressures are making things worse. Deteriorating currency for people mean that they will now have to pay more for their oil and all other bills as everything is imported, so as money weakens the prices of fuel go up, so does the inflation. This is all due to the defective policies of current government as they have been able come up with circumstances and opportunities to […]

Petroleum

Hilarious decrease in price of CNG

As recently Oil and Gas Regulatory Authority (OGRA) had increased the price of CNG by Rs. 8 on December 30th 2011.  That triggered the strike from the CNG association as well as from the pubic transport unions. One other reason was closure of CNG for more than half a week each week so public transporters were not being able to get tanks filled. Yesterday after success of the dialog between CNG Association/Transporters and OGRA, OGRA with other measures taken also had told transporters/CNG Association that they will decrease the price soon. Today this hilarious decision came from OGRA, which is that price of CNG have been decreased 36 Paisas.  As just few days back the price was increased by 8 […]

Basic Needs

CNG Association and Transporters have called the strike off with immidiate effect

CNG Associtation and transporters of Pakistan were on strike from last two days against the CNG Prices hike and unavailability of CNG fuel due to so called load Management plan, which was causing outage of CNG fuel for transporters for half week. Now, negotiation between CNG association/transporters and department of Petroleum and Natural Resources have been successful. In turn the CNG Association and transporters have called the strike off. Prices are CNG are not yet reviewed to make a decrease but public transporters will be given CNG fuel in off days of week as well for 8 hours in a day. Also CNG will remain close two full days and 16 additional hours every week. For updates, Subscribe to us […]

Basic Needs

CNG price and shortage related protests continued today in Rawalpindi, Islamabad and Peshawar

Like yesterday, today as well people hit the roads of Rawalpindi, Islamabad and Peshawar. Protests are against the government which committed the act of unnecessarily increasing the CNG prices as well as the off days of CNG filling stations were constantly being increased. Transporters were also on strike and were on roads due to the fact that they were being denied the relaxation which was given to public transport within the off days of CNG. It was that CNG filling will be allowed few hours daily to serve the needs of public transport only. As the relaxation of filling hours gone away from the public transporters, they gone on strike and hit the roads, so do the people who couldn’t […]

Basic Needs

Prices of LPG increased from 10 to 15 Rupees per KG all over Pakistan

Already when people of Pakistan are furious about the recent CNG prices hike and shortage, today the Liquid Petroleum Gas (LPG) marketing companies increased the prices of gas from 10 to 15 Rupees per KG. This adds 150 to 170 additional Rs to the price of domestic gas Cylinder. These domestic cylinders are now available from Rs 1870 to 2050. About 70% of Pakistani people are living in Rural areas, about all of gas users in those areas rely on LPG cylinders. Now even people of urban areas who have to gas lines coming in houses, often have to rely on gas cylinders due to low pressure in supply lines. This way this increase in price will effect most of […]