Government reduces petrol prices by Rs10 per litre
While diesel prices have been reduced by Rs6.08 per litre.
During a press conference, Federal Information Minister Qamar Zaman Kaira said that the government made these reductions keeping in mind the current situation.
He also said that the provincial governments and relevant authorities should make sure that transport fares are adjusted accordingly.
“The reductions made are substantial and the benefits should reach the common man,” he stressed.
As reported earlier, President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani had issued directives for reduction in prices of petroleum products and compressed natural gas (CNG).
Ministry of Petroleum and the All Pakistan CNG Association also reached a consensus on pricing and gas outages which helped bring a week long strike by the station owners across Pakistan to an end.
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Limited time offer for few weeks or months and most especially importantly elections elections elections and the nation is being given subsidy to increase the vote banks.
Some people are so ignorant or spin doctors to twist even good news into bad. I remember giving some stuff to my Pakistani brothers, they act surprised that "what am I up to"? I tell them that some people want to help and share they look in disbelief. I have been helped in the past and I want to do the same. Back on the subject, the prices of commodities (petroleum, gold, silver, even grains) are determined by global market. The crude prices which were high have downward trend and the gasoline is coming back to a reasonable price. Even the US govt cannot control it let alone Pakistani govt for elections. It is a cyclic process and the prices might go up again and down again. Recently there is a glut of crude and refined oil, hence the low prices. In fact Iran has ships loaded with oils with no buyers. If the rich countries start selling their gold stocks the prices of gold might drop also. Pakistan is a tiny economy and has no say in the prices of commodities.
All hail OGRA.
These guys are playing in the hands of IMF. Abdul Hafeez Sheikh is no doubt an IMF planted finance minister. Once in a breifing which I too attended he pretended to be so innocnet that he asked us 'Whats wrong with IMF? it only asks you to make good policies' wow. If IMF is so nice then whole the thrid wold should pay tributes to it but unfortunately all the price hikes in our country these days were the demands of IMF and keep in mind that this ten rupees relief will not live long life.
ahhhh so election year is here
Elections are near...... I bet after election they will increase it by 20
yeah they know only few months are left for General elections
Yes; Its always about the hike in international market- Thank You PPP Govt!
Relief for 15 days.
Today they reduce the price but load shedding was worst today in Lahore.
I am v v happy now a days , you know ;)
First they took the price from 40 to 100+. Now they reduce 10 rupees looks very good achievement. It is there sharp mind.
the elections nearing formulae.
Oil prices in the international market have reduced from $120 to $95 (a reduction of 20%) during this period... Whereas, our Govt has passed only 10% to the consumers...
May be they want to fill their pockets and keep the future option of 10% further reduction in oil prices when another strike happens... :-)
Also, people have short term memories, so reduction close to the elections may benefit their campaigns... At least in Strategy...
When prices were raised in the past (doubled in past 4 years), OGRA was blamed.
Now for reduction, it is the "GOVERNMENT".
OGRA should also ensure that petrol pumps and gas companies deliver full gauge. Our pumps and gas meters are running faster. This is real source of profit for pump owners. NEPRA is also requested to check electric meters which are calibrated faster thus overcharging innocent consumers.
People of Pakistan suffer from Short-term Memory Loss and therefore it will be a welcome move by the People in this Election Year! Well Plotted Move!
Congratulations PPP Govt, Zardari Sab and Awaam for this great Awami Decision!!!
R.E.S.P.E.C.T President Zardari!!!