- RSS
- Today's Paper
- Subscribe
- beta 2.1
Alerts
Ogra suggestions dismissed: Petrol price likely to go up in April
Petrol price likely to go up to Rs105.68 starting April 1.
Petrol price likely to become Rs105.68 starting April 1. PHOTO: FILE
Suggestions of Oil and Gas Regulatory Authority (Ogra) of not increasing prices of Petroleum, Oil & Lubricants (POL) products and setting tri-monthly instead of monthly rates have been dismissed and POL prices are likely to go up by Rs8.94 starting April 1, Express News has reported.
Petrol price is to increase by Rs8.02, becoming Rs105.68 per litre, HOBC by Rs8.94 , making it Rs135.81 per litre, kerosene oil by Rs5.29 making it Rs101.69 and light diesel oil by Rs5.45, making it Rs98.74 per litre.
Inland Freight Margin delivery costs will also increase by Rs0.64, becoming 2.26 per litre.
Reader Comments (12)
Business Latest Stories
FBR recommends budget to be presented through presidential ordinance
Reason behind introducing the ordinance is to announce federal budget on time: FBR source
Development budget: AJK goes ahead with projects
For hydel generation two projects have been accorded approval with an allocation of Rs1.313 billion.
Change at the helm: State Life chairman takes charge
Iqbal has served as inspector general of Punjab police and his most recent assignment was in the ministry of interior.
Pakistan moves closer to standardising, quality control
World Metrology Day celebrated with accreditation of NPSL labs.
Hope for better ties Businessmen look forward to new Chinese PM visit
China should help exploit rich natural resources of Pakistan, says FPCCI President.
Stability in K-P, FATA will boost economy
Governor invites businessmen to invest in region as it achieves peace.
Market watch: Bulls in charge as new govt readies to take over
Index continues to climb unfettered by economic concerns.
Coke and Pepsi bank on showbiz to fight cola wars
Both sponsor music programmes to promote their brands in Pakistan.
Corporate reshuffling: Defying rules, govt appoints CEO of Pak Reinsurance Co
Caretakers’ move not in line with corporate governance rules for state companies.
Recent Slideshows
More in Business
Every day’s not a Sunday
This material may not be published, broadcast, rewritten, redistributed or derived from.
Unless otherwise stated, all content is copyrighted © 2013 The Express Tribune News Network.
Technical feedback? [email protected]
Let the People’s Govt SERVE the people even more. They seem to be in such a hurry.
Recommend
Worst than blood suckers
Recommend
Avery bad precedent set by the PPP government.
Look what is happening in Indonesia when the petrol prices are raised there. People have come out on the streets and are protesting against the Indonesian government.
Unfortunately, people don’t take cognizance of the continued increase of prices in the petroleum products which ultimately give more back and ultimate authority to the government to increase the prices of petroleum products time and again.
The political parties who are in coalition government with the PPP are equally responsible in supporting the PPP government to increase the prices of petrol and CNG.
Recommend
Democracy is the government of the people, by the people, for the people. I think this phrase is more than a lie
Recommend
Democracy is the best revenge
Recommend
Pakistan “Khappay”
Recommend
i think increasing prices is necessary n badly needed!! govt has to take bold steps now! Hope opposition supports them in this!
Recommend
Adding insult to injury, the meters of pumps are are also set to dispense less than what you pay for.
Recommend
Who should pay for the true price of petrol?
Recommend
@Pakistan politics: “Democracy is the best revenge” is the most idiotic phrase of this century.
@ lone bread earner: Please do not abuse the blood suckers :)
Recommend
Who should pay the true cost of engery?
Recommend
Lets take a look at some basic math on whether gas prices in Pakistan are out of line:
Current average price of gasoline in the US is ~$4.00/gallon
1 gallon = 3.79 liters
$ to Rupee exchange ratio is ~ Rs.91 for $1
So a gallon of fuel in rupees costs – 91*4= Rs 364 – this is the cost of fuel in the US, considered one of the cheapest places in the world for gasoline.
Now on a per liter basis that works out to 364/3.79 = Rs.96/liter.
Gas prices are now Rs.105 in Pakistan. or 9 rupees more than they are per liter in the US. If you compare this to the cost of fuel in England, Sweden, or other Westernized nations, you will find that our cost of gasoline, as a non-producing nation, is actually on the lower side.
The cash implications to an actual consumer in an economy where GDP/capita is shameful, are understandable, but lets not argue the fact which is our price of gasoline is not significantly higher than the rest of the world.
Recommend