PM Imran Khan approves increase in prices of petroleum products

[zeroboy]

 

[Death Professor]

sahir ik wari fher...
abhi hafta pehlay he tou increase hoi thi.....

 

[Patriot forever]

sahir ik wari fher...
abhi hafta pehlay he tou increase hoi thi.....

The honest explanation is crude prices jumped by 15% in less than a week. Possibly the best he could do.

Completely agree, sorting out these issues is crucial but will take time. In addition there are a lot of short term challenges that government will have to manoeuvre around this FY, to maintain the growth momentum.

Brent crude has hit almost 57$, price hike is inevitable. Ogra is suggesting a double digit price increase, cutting in on tax will reduce revenue, let's see how much hit the government takes in terms of tax revenue and how much is transferred to public. Will cause increase in transportation cost for exporters/industries. Can increase inflation.

Containers are almost 4 times more expensive due to global shortage, will effect our exports.

LNG spot prices are going crazy, people were saying we got expensive cargoes but current rates for Feb make it look like a bargain. Let's see what rates we get for March when bids are submitted on 15th.

 

[Armchair-General]

RiYaSaT e MaDiNa

 

[Kuru]

Ghabrana nahi hai.

IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal adjustments to the budget. Pakistan will have to follow these recommendations or be ready for going bankrupt.

I wish China had helped Pakistan instead of IMF, toh yeh din dekhna na padta!

 

[Death Professor]

The honest explanation is crude prices jumped by 15% in less than a week. Possibly the best he could do.

Isn't the local price effected after a month or so after international price change. This was always the explanation given when the prices got lower last year.

 

[Patriot forever]

Ghabrana nahi hai.

IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal adjustments to the budget. Pakistan will have to follow these recommendations or be ready for going bankrupt.

I wish China had helped Pakistan instead of IMF, toh yeh din dekhna na padta!

Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs.

Petrol now costs ₹84.70 per litre in Delhi and diesel is priced at ₹74.88, according to a price notification from oil marketing companies.

This is the second straight day of a price increase. Rates were hiked by 25 paise each on Wednesday after a five-day hiatus.



In Mumbai, the price of petrol was increased to ₹91.32 a litre from ₹91.07 previously, while diesel rates went up from ₹81.34 to ₹81.60 per litre.

Petrol price is at a record high in Delhi and is just a shy away from the highest ever rate of ₹91.34 in Mumbai.

Diesel price in Mumbai is at an all-time high.

Petrol, diesel prices hiked again, scale new highs

In Mumbai, the price of petrol was increased to ₹91.32 a litre from ₹91.07 previously, while diesel rates went up from ₹81.34 to ₹81.60 per litre.

www.thehindu.com

How is it going at your end?

 

[Aryeih Leib]

Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs.

Petrol now costs ₹84.70 per litre in Delhi and diesel is priced at ₹74.88, according to a price notification from oil marketing companies.

This is the second straight day of a price increase. Rates were hiked by 25 paise each on Wednesday after a five-day hiatus.



In Mumbai, the price of petrol was increased to ₹91.32 a litre from ₹91.07 previously, while diesel rates went up from ₹81.34 to ₹81.60 per litre.

Petrol price is at a record high in Delhi and is just a shy away from the highest ever rate of ₹91.34 in Mumbai.

Diesel price in Mumbai is at an all-time high.

Petrol, diesel prices hiked again, scale new highs

In Mumbai, the price of petrol was increased to ₹91.32 a litre from ₹91.07 previously, while diesel rates went up from ₹81.34 to ₹81.60 per litre.

www.thehindu.com

How is it going at your end?

You people get cheaper oil than we get

 

[Patriot forever]

Isn't the local price effected after a month or so after international price change. This was always the explanation given when the prices got lower last year.

They are continuously increasing. The model was changed for ogra from a month period to about 15 days because of past experience.

 

[Kuru]

How is it going at your end?

It's pretty okay here. Quote me when we go to IMF 13 times for bail out package, then I can reply to this