Tag: petroleum prices Pakistan

Petroleum

Despite Recommendation of OGRA PMLN Led Govt Fails to Pass on full benefit of low Petroleum prices to Pakistani People

As per trend, last few months as well, the petroleum prices declined in international market. Pakistan’s Oil and Gas Regulatory Authority (OGRA) also recommended that Pakistan can reduce petrol and diesel prices by at least six rupees. Now  OGRA is main authority which recommends the petroleum prices in Pakistan, so when it is say we can reduce price by 6 rupees or more, we absolutely have margin to do that. Normally, when OGRA decides a price and it goes to Prime Minister office for approval, it is accepted as it is. But this time our beloved PM Nawaz Sharif chose not to pass on the benefit to people of Pakistan, so instead of accepting the OGRA’s price reduction of 6 […]

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 […]

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 […]