MQM demands immediate retraction of petrol price hike

Published: April 1, 2012

Government advised to decrease non-developmental expenditures instead of raising petrol prices. PHOTO: RASHID AJMERI/ EXPRESS

KARACHI: The Muttahida Qaumi Movement (MQM) Coordination Committee said that the increase in petrol prices is a crime against the public and the decision should be retracted immediately, Express News reported on Sunday.

The committee added that the government should cut down on its non-developmental expenditures instead of raising petrol prices which has become a huge burden for the public.

Earlier, the All Pakistan Transport Owners Association (APTOA) said that if the government did not retract its decision of raising Petroleum, Oil and Lubricants (POL) prices, transporters will have no choice but to raise transportation fares as it will not be possible to keep transport running otherwise.

The association added that the government raises fuel prices whenever it feels like, but does not allow them to raise fares.

These statements were in response to the government’s announcement earlier in the day of another increase in the POL prices.

For the first time in the country’s history, all three fuels – petrol, diesel and kerosene oil – will cost over Rs100 per litre effective Sunday (today). Price of CNG has also been raised by up to Rs11.55 per kg.

With a Rs8.02 hike, per litre petrol price has jumped from Rs97.66 to Rs105.68, according to a notification issued by the Oil and Gas Regulatory Authority (Ogra) on Saturday night.

Per litre price of high speed diesel was raised by Rs4.70 – from Rs103.46 to Rs108.16 – while the price of kerosene oil was raised by Rs5.29 – from Rs96.40 to Rs101.69 per litre.

The price of High Octane Blending Component has been raised from the current Rs126.87 to Rs135.81 – an increase of Rs8.94.

Reader Comments (28)

  • Maria
    Apr 1, 2012 - 4:28PM

    Will MQM ask the global market to change the price of petrol so that it can be cheaper only in Pakistan? Why shouldn’t Pakistanis be forced to pay what everyone else in the world pay or do they deserve discounted gas because they are special?

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  • Cautious
    Apr 1, 2012 - 4:32PM

    Take the politics out of fuel pricing — let supply/demand and World market dictate price. If you had been doing this all along you would have woken up to your energy shortage much quicker. The time for vote buying by subsidizing energy is over – your broke.

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  • Naveed Alam Khattak
    Apr 1, 2012 - 4:34PM

    ………..and we demand you (MQM) & ANP to stop killing Pakistanis. Stop this racist politics and give some relief to the people of Pakistan. Give them education & peace.

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  • Parvez
    Apr 1, 2012 - 4:38PM

    Credibility of the MQM is like that of the PML-N …Recommend

  • ishrat salim
    Apr 1, 2012 - 4:39PM

    Democracy is the best revenge……do these politicians & govt pays from their own pocket ? that is why they do not realise the problems of the normal poor people…Recommend

  • maz3tt
    Apr 1, 2012 - 5:05PM

    IMF influence pricesRecommend

  • sami
    Apr 1, 2012 - 5:08PM

    The Government’s policies is not for the people of pakistan but to collect money from whatever source for their own welfare. The Government do not want to cut down their non development expenditures but to increase more or more burden on the shoulders of poor people of Pakistan.

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  • Not me
    Apr 1, 2012 - 5:34PM

    This is a public cause worth calling a strike

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  • Shin this pit
    Apr 1, 2012 - 5:55PM

    How about hedging oil, like most countries in the world with functioning and semi intelligent officials do? Book long term contracts for oil supply, introduce a bit of predictability at a cheaper than market price, and at the same time remain unaffected by oil price fluctuations.

    Of course, the devaluing rupee and the corruption in the petroleum development levy and now the natural gas development levy is still something we will continue to be harassed by.

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  • My
    Apr 1, 2012 - 6:16PM

    MQM (who is already in govt.) demands to whom…..????

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  • Amer M
    Apr 1, 2012 - 6:41PM

    @Maria:

    You can pay for an increased price doesn’t mean that a poor Pakistani can too pay for this. The real problem with people like you is the lack of what we say “AHSAAS”. The elite class can even pay Rs 1000/liter. Bur please think about the common poor class people. And majority of we Pakistanis can’t even afford one liter petrol per day at this hiked price. Be Pakistan!! Think Pakistan..

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  • Mohammad Ali Siddiqui
    Apr 1, 2012 - 6:56PM

    MQM is late in raising the issue
    .
    I purchased petrol for Rs.200 for power generator and the petrol pump gave me 1.88 liters.

    There is no need for the MQM to make hue and cry after the new prices have been implemented by the petrol pumps in the open market.

    PPP will never ever get a single vote from Karachi.

    I am not sure that in the next general elections, people from Karachi will either give votes to MQM (Altaf) or MQM (Haqiqi), as MQM (Altaf) has failed to deliver during the past 10 years and could not come up according to the aspirations of its voters.

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  • WRM
    Apr 1, 2012 - 7:05PM

    When dollar was 60 petrol was 82 now dollar is 91 so it has to be over 100.
    thanks to our govt for devaluing our currency…. !

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  • Apr 1, 2012 - 7:24PM

    strong text
    It is a matter of perceptions…………not everyone in society has to have a car….and what about planning…..why not build community based work places that have heaviest labour content such as offices and municipal sub-stations and sub-courts in closer commuting distance from where people live…..planning such as this saves a whole lot of bus travel for the poor motorbikes and all….consequently consume less and less fuel……for example in Karachi why do all the office towers have to be in the vicinity of Mcleod Road Isphani Road
    MA JInnah Road….etc….and whats wrong with commuting on “gadhha ” and “ount” garees….better that those ugly rickety old taxis rickshas and bussess think positive dont pay high fuel costs

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  • A
    Apr 1, 2012 - 7:27PM

    @Maria:
    When petrol prices falls internationally then why government doesn’t lower the prices of petrol/cng.

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  • Apr 1, 2012 - 7:27PM

    @ ET:

    I just love your sense of humor.

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  • Likey Like
    Apr 1, 2012 - 7:27PM

    I like the ostrich in the associated picture, wonder if it has any connection to the story.

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  • A
    Apr 1, 2012 - 7:28PM

    @ishrat salim:
    i second you

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  • Apr 1, 2012 - 7:36PM

    For the first time in the country’s history, all three fuels – petrol, diesel and kerosene oil – will cost over Rs100 per litre. Thanks PPP for breaking all records.

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  • John
    Apr 1, 2012 - 10:38PM

    The situation in Pakistan is getting to a point when people won’t be able to afford anything and history bears a witness as to what happens when this point is reached.

    True the crude oil prices are not in our hands, but the taxes on fuel are!

    The current minister of finance is just collecting funds to pay back the upcoming IMF loan tranche and he will sure get a bonus for a job well executed!Recommend

  • Hairaan
    Apr 1, 2012 - 11:25PM

    Do we have the right to know how Govt. works out the fuel prices? How much the Govt. is earning on each liter that we buy? Its essential because the prices are controlled and there is no competition.

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  • Hamid
    Apr 2, 2012 - 12:29AM

    The Oil prices in global market have fallen today and our government has risen the oil prices.

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  • Azim
    Apr 2, 2012 - 1:14AM

    Dollar has gone from 60 to 90 Rs.in 4 years, so oil prices in local currency have to follow, and despite the rise in prices the level is quite fair. For ages we as a nation have received subsidized fuel at the cost of our poor and our economy, and this needs to end now.

    Ideally government should increased taxes on cigarettes, private cars and other luxury products used by the rich and the famous of Pakistan. Use these taxes to improve infrastructure for use of common man. I am not surprised to see how corporates have undermined our governments ability to impose such increased taxes!

    I think taking subsidy away from fuel is a step in right direction – when rich start using public transport the public transport system will improve for all. Obviously we all have concerns towards our governments ability and intent to do things, but doest this applies for us as a nation as well?

    Lets not be hippocrats, and expect government to do the right things when we our self at shops, business, services, offices etc are looking to increase our revenues!

    Change Pakistan

    Pakistan Zindabad

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  • Faraz
    Apr 2, 2012 - 1:42AM

    @Amer M:
    Most unfortunately, sentiments don’t govern how this world works. ‘Ahsaas’ and sentiments get you nothing, only money can. And how can you know if someone is elite? Be practical, not just sentimental. If the global prices are going up, what can the Pakistan government possibly do? Look for alternate energy plans. And yes, if all Pakistanis can pay their due share of tax returns they owe to the government. Where does the “ahsaas” go there? And this is nothing but political point scoring by MQM. We know all too well how useless these parties are.

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  • Faraz
    Apr 2, 2012 - 6:28AM

    @sar:
    You live in your own fantasy world. Talking of planning community centers now?? Where can you find any space in this chaos? and commuting on donkey carts? I hope that was sarcasm.

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  • Harry Stone
    Apr 2, 2012 - 8:26AM

    @John:

    Are you suggesting the loan repayment to the IMF not be made?

    Why not add IMF load payments to the list that the PAK government is preparing to present to the US as part of the reset. It would seem to be a small price for the US to restore the honor of PAK.

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  • zehra
    Apr 2, 2012 - 3:03PM

    when there is a cng strike then also the buses and rickshaws say cng is not there hence not plying on road, so technically since they are running on cng they cant raise the price so high saying it has crossed 100 coz cng is still not so.

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  • Salman Orangiwala
    Apr 3, 2012 - 10:05PM

    @Maria , thats the problem with the laymen
    Ever heard of a bull-whip effect ? The Per Barrel price of oil in the Int’l Market increases , do you know what the mechanism of Pakistan uses ? Do you ever know how much surcharge is ? Even how many surcharges are there ? Someone mentioned hedging the risk with a hedge instrument , which is a prevailing practice . Stop blindly protecting Zardari and Co.

    And @ M Ali Siddiqui , there was a hike in petrol price so you wont vote for MQM …..lolzzzzzz. Such a mindset .Go ahead make your day buddy ….hundreds of thousands like me will do , who never voted for MQM .Recommend

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