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.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ