Business

Ministry of Petroleum proposes rise in prices of petroleum products

Summary sent to Prime Minister Yousaf Raza Gilani for approval.

Express April 30, 2011

The Ministry of Petroleum on Friday decided to increase the price of petroleum products and sent the summary of the proposal Prime Minister Yousaf Raza Gilani for approval.

According to sources, OGRA officials will make an official announcement of the price hike once the Petroleum Ministry's summary has been approved.

The ministry of petroleum has proposed an increase of Rs4.85 in the cost of petrol, Rs4 in high speed diesel, Rs5.60 in kerosene oil, Rs9.32 in LDO and Rs1.80 in HOBC per litre.

COMMENTS (15)

Syed A. Mateen | 12 years ago | Reply Petrol prices are jumping every now and then which ordinary people cannot afford to buy. Pakistani scientist should start working on the other options so that vehicles should run on some other type of fluid, the price of which should be quite cheaper comparing to the prices of petrol, diesel or the CNG so that an ordinary person in the country should be able to afford it. If people will leave buying expensive petrol, diesel or CNG, the prices of commodities in daily use will also come down simultaneously.

Super cyclone | 12 years ago | Reply Beware Pakistanis folks...http://karachimetrological.wordpress.com/2011/04/28/glaciers-are-melting-in-pakistan-but-late/ this is serious..

VIEW MORE COMMENTS

neutraleconomist | 12 years ago | Reply Pakistan economy has seen the worst after floods etc, it will do far better as predicted by many factors. Our Judiciary had enough too, Supreme court has forced many crooks to return 1000s of Billions of rupees in last two years. It is planning to tighten the noose around some people in sitting government. Pakistan's economy will shoot up after September this year.

hassan tahir | 12 years ago | Reply our Government wants to snach our self respect and urging to become begger. vary sadly: our whole nation is still quite. never expect from our political parties that they will raise voice for us. we have to do this by our own. come on streets and do peaceful and civilized protest.

joy | 12 years ago | Reply could anyone pls tell me...how much subsidy is given on petroleum products in Pakistan? and do the provinces also tax these products? in India, cost of petrol and petroleum products costs vary from state to state depending on the local taxes. and this gives rise to ridiculously humorous scenes at some places..... just to share an example with you guys.... last time I was visiting Assam in north east India.I was intriduged when our taxi driver got the tank filled not in Assam but about twenty metres across the road in Meghalaya state and the price difference...almost three rupees per litre.... Assam is losing quite a bit of revenue due to the price differential. but for some unexplained reasons refuses to reduce the taxes....

Andrea | 12 years ago | Reply The price of oil is going up all over the world. So is gold. What is wrong with people in Pakistan who don't understand that if global prices go up - it follows that prices in Pakistan will also go up!

Ali | 12 years ago | Reply MQM are you getting your desired share in from Patrol prices

Ya right | 12 years ago | Reply Listen people - we should now learn to live with high petrol prices. We import crude at international prices - just live with it. Not every other thing that the government does not have to be wrong.

anis kazi | 12 years ago | Reply this is the death of humour

pakeconomist | 12 years ago | Reply according to internal sources pakistan will go through a big crisis in a years time economy will shrink causing severe unemployment and security issues

Hedgefunder | 12 years ago | Reply Have you actually managed to implement a single rise yet!!!!!!!

YA | 12 years ago | Reply Gasoline prices in US is average $1.03 Per liter ( Rs.87 ) http://www.eia.doe.gov/oilgas/petroleum/datapublications/wrgp/mogashomepage.html 1 US gallon = 3.78541178 liters Now in Pakistan, it will more then the price in US. Now salary difference of a common man in both countries. Average salary in US = about $ 4500 ( Rs. 382500) Average salary in Pakistan = $ 353 ( Rs. 30000 ) This government has linked every commodity price with international market but salary not linked.

Abdul Ali | 12 years ago | Reply I re-call MQM had assured last month that the petroleum prices will be reduced.Nothing happened. Let us see the new gimmick this month

Sumair Mahmood | 12 years ago | Reply very sad........!!!!

Haris | 12 years ago | Reply Why not just kill us once and for all....

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

TRIBUNE VIDEOS

112 K

Taylor Swift Releases The Tortured Poets Department | Is Fortnight about Joe Alwyn? | Latest News

Muhammad Aurangzeb: Pakistan Targets Longer IMF Loan for Stability |Pakistan News| Breaking News

Pakistan Laments US Veto on Palestinian Statehood Resolution |Breaking News| International News

Iran Warns Israel at UN: Stop Military Moves | Iran Attack | Latest News

Iran Under Attack: Iran Reacts to Israel Strikes on Isfahan | Iran Attack | Latest News

Assessing Iran's Reaction to Israeli Assaults: Analyst Perspective | Iran Attack | Latest News

Karachi Suicide Bomber Killed: Police Save Japanese Nationals | Pakistan News | Latest News

Israel Attacks Iran with Missiles: Flight Chaos Ensues | Iran Attack | Latest News

Israelis React to Attack on Iran by Israel | Iran Attack | Latest News

Footage: Israel Launches Retaliatory Drone Strikes on Isfahan | Iran Attack | Latest News

Iran Under Attack as Israel Strikes Drones Over Isfahan | Iran Attack | Latest News

Unpacking Iran’s Attack on Israel: Another World War? | Latest News | Iran VS Israel

Asna Tabassum Clarifies her Valedictorian Speech Controversy at USC | Latest News

Dubai Airport Crisis: Misbah & Kamran Akmal Stranded Amid Record Rainfall |Breaking News| |Pakistan|

Joint Session: President Zardari's call for unity |Pakistan News| |Breaking News|

Barcelona Goodbye: Nadal's Quest for French Open Glory |Sports| |International|

Babar Azam Addresses Fight With Shaheen Before New Zealand Series | Pakistan News | Latest News

Mohammad Hafeez Criticizes Cricket Board's Decision to Make Babar Azam Captain | Pakistan News

Army Launches Investigation into Ex-ISI Chief Faiz Hameed |Breaking News | Pakistan News

Was the Dubai Storm a Result of Cloud Seeding by the UAE? | Dubai Rain Update | Dubai Weather Update

Trump Trial: Former US President Challenges Judge's Impartiality in Hush-Money Case

Dubai Floods: Residents' Struggle During Torrential Rain

Karachi Rain: Alert Extends to Karachi as Rains Lash Balochistan, Sindh, and KPK | Pakistan News

Netanyahu Stands Firm: Israel will make its own decisions about Iran Conflict

Analyst Warns of Uncertainty as Oil Prices Cool Off

Did Kick streamer “N3on” die while in custody of UAE?

Record Rainfall Floods UAE: Historic Weather Disrupts Dubai

Matthew Miller on Pakistan's IMF Deal and India-Pakistan Tensions

Warning Shots: Iran's Raisi Threatens Israel with Retaliation

U.S. Response to Israel's Deadly Iran Consulate Bombing in Syria

UK's David Cameron Urges Caution Amid Iran-Israel Tensions

Pilots Raise Alarms: Safety Issues on American Airlines Flights

Saudi-Pakistan Ties Boosted: $25B Investment Promised in Landmark Visit

University of Southern California Cancels Muslim Valedictorian's Speech Over Pro-Palestine Posts

Australia Announces $32 Billion Defense Boost for Missiles, Drones, and Warships

Israel Sends Clear Warning to Iran | Plans Calculated Response to Drone Attacks

Erdogan Accuses Netanyahu of Provoking Middle East Conflict

Ministry of Petroleum proposes rise in prices of petroleum products

Recommended Stories

Latest

T.Edit

On Express Urdu

Most Read

Opinion

FOLLOW US

Ministry of Petroleum proposes rise in prices of petroleum products

Join Us

Recommended Stories

Latest

T.Edit

On Express Urdu

Most Read

Opinion

FOLLOW US