POL prices register sharp increase
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), on the approval of the federal government, on Sunday announced an extraordinary increase in fuel products for the fifth time.
According to a notification issued by the Oil and Gas Regulatory Authority on late Sunday night, prices of gasoline, high octane, blended fuel, kerosene and high speed diesel were increased by Rs 10.97, Rs 11.25, Rs 8.20, Rs 7.23 and Rs 9.50 per litre respectively.
After the hike, new prices of fuel products will be: motor gasoline Rs 86.66; high octane Rs 96.08; kerosene Rs 58.37; and light diesel oil will be available at Rs 56.50. The Ogra had sent a summary to the prime minister and the finance minister, proposing a Rs 10 increase in fuel prices last week. It was said the government was giving 40 per cent subsidy on petroleum products to the masses, therefore, a hike in fuel prices was inevitable.
Meanwhile, Defence Minister Chaudhry Ahmad Mukhtar has said the increase in petroleum products was necessary to check the smuggling of petrol and diesel to Iran and Afghanistan. On the other hand, the ministry of interior has taken serious notice of the continuing smuggling of diesel and petrol to Iran and Afghanistan. The ministry has asked chief secretaries, inspectors general of police and inspectors general of the Frontier Corps, the NWFP and
Balochistan to take effective measures and stern action against the practice. -Agencies
News Desk adds. Prime Minister Syed Yousaf Raza Gilani approved the hike in POL prices. Talking to Geo, people at petrol pumps of different cities savaged the increase in fuel prices. They said the current government was expected to alleviate miseries of the common people. However, they deplored, the government had completely failed to arrest the price hike of essential items, making it difficult for the common man to survive.
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POL prices register sharp increase
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), on the approval of the federal government, on Sunday announced an extraordinary increase in fuel products for the fifth time.
According to a notification issued by the Oil and Gas Regulatory Authority on late Sunday night, prices of gasoline, high octane, blended fuel, kerosene and high speed diesel were increased by Rs 10.97, Rs 11.25, Rs 8.20, Rs 7.23 and Rs 9.50 per litre respectively.
After the hike, new prices of fuel products will be: motor gasoline Rs 86.66; high octane Rs 96.08; kerosene Rs 58.37; and light diesel oil will be available at Rs 56.50. The Ogra had sent a summary to the prime minister and the finance minister, proposing a Rs 10 increase in fuel prices last week. It was said the government was giving 40 per cent subsidy on petroleum products to the masses, therefore, a hike in fuel prices was inevitable.
Meanwhile, Defence Minister Chaudhry Ahmad Mukhtar has said the increase in petroleum products was necessary to check the smuggling of petrol and diesel to Iran and Afghanistan. On the other hand, the ministry of interior has taken serious notice of the continuing smuggling of diesel and petrol to Iran and Afghanistan. The ministry has asked chief secretaries, inspectors general of police and inspectors general of the Frontier Corps, the NWFP and
Balochistan to take effective measures and stern action against the practice. -Agencies
News Desk adds. Prime Minister Syed Yousaf Raza Gilani approved the hike in POL prices. Talking to Geo, people at petrol pumps of different cities savaged the increase in fuel prices. They said the current government was expected to alleviate miseries of the common people. However, they deplored, the government had completely failed to arrest the price hike of essential items, making it difficult for the common man to survive.
