Petroleum Prices increased, made Opposition Angry

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Government of Pakistan announced on Sunday that they are increasing Petroleum Prices. There will be a hike of 6 Rupees per liter in Petrol and high-speed diesel whereas light-speed diesel hiked up to 3 rupees per liter. Ministry of Finance announced on Sunday.

International Crude and Oil prices have increased in the past month. Presumably, Government of Pakistan in turn had to increase the petroleum prices in Pakistan. At the moment, Pakistan is already looking for the biggest oil reserves of the Asia. This hike of the petroleum prices will burden the public in masses.

PETROLEUM PRICES INCREASED ….. AGAIN!!!

Ever since PTI landed in the grounds of government, joblessness increased by 1.2 percent, currency devaluated, and GDP growth decreased as well.

After the increase, prices for petrol reached to Rs. 98.89 per liter, HSD at Rs. 117.83 and LSD at Rs 80.54. To which, opposition starting to bombard the Government with anger. Government increased only 50 percent in the petroleum prices as compared to the burden they are facing, said Finance Ministry. Other than some reductions, the prices were constantly increasing since the start of 2017.

Taxes are also increased by the Government as well as the electricity and gas prices to finalize the International Monetary Fund loan.

Based upon the import prices by the Pakistan State Oil (PSO), petroleum prices were likely to get more hike. Oil and Gas regulatory Authority suggested to hike the prices of Petrol and HSD by 11.17 per liter, whereas, Rs. 6.49 per liter in LSD.

In the recent weeks, prices of Petroleum are increasing on the International Benchmark Brent at a slow speed.

To this, Pakistan Muslim League (N)’s president shared that PTI’s Tsunami is portraying difficulties to the nation.

PPP leader’s Senator Sharry Rehman and Murtaza Wahab criticize the decision of Government on Government.

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