Prices of kerosene, light diesel and high octane raised as well. PHOTO: FILE
An official said that Prime Minister had approved extending a subsidy of Rs2 billion on High Speed Diesel (HSD) and petrol to provide relief to the consumers, however, it did not stop the government from increasing the price of petrol by Rs 4.12 per litre and HSD by Rs 4.69 per litre.
The government has tailored a four-phase plan to reduce the subsidies from about 1.8 per cent of GDP to 0.3-0.4 per cent of GDP in three years. However, it still extended the HSD and petrol subsidies.
The price of high-speed diesel, which is mostly used in cargo and passenger vehicles as well as in agriculture, has been increased by Rs4.69 per litre to Rs116.95 per litre from the existing Rs112.26.
Petrol price has been increased by Rs4.12 to Rs113.25 per litre, compared to old price of Rs109.13.
The price of kerosene oil, which is consumed for cooking in remote areas where liquefied petroleum gas is not readily available, was increased by Rs2.14, taking it to Rs108.13 per litre against existing Rs105.99.
Consumers of light diesel oil, which is mainly used for industrial purposes, faced a hike of Rs2.81 to Rs101.24 per litre from Rs98.43.
The price of high octane blending component, used in luxury cars, rose by Rs5.57 to Rs143.90 per litre compared to existing Rs138.33.
COMMENTS (14)
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Well , when you vote for them and bring them with heavy majority then expect such results , while this hike was required to stabilize the dollar rate one coundnt think whw we went again to IMF , even India is commenting the Pakistan is a nation with a begging bowl in hand :( cant say they are not rite.
@Adeel:
You think western countries are developed because of Namaz? I think most Muslims reached west when these countries were already developed.
There is a tough competition between Roshan Pakistan & Naya Pakistan! Thank God I voted for Purana Pakistan!
Nawaz Shrif you are the man. You have done it - taken revenge from the people of Pakistan.
Its the people of Pakistan who elect the politicians who rip us off. And Why not?? Isn't Democracy the Best Revenge.
Roshan Pakistan
HAHAHAHA
If the government keeps getting loans. which means going against the commands of Allah swt and his beloved profit. Trust me it will get worse and worse. Nothing good will come out of this. People and need to stand up and say enough is enough we cannot got aginst the commands of Allah swt. The funny thing is media will never talk or say thing like this including the government.
They do not care about the people. They just care about them selves. (GOVERNMENT)
We need to individuals start following commands of Allah swt and sunnah way of life. That is the only solution for betterment of this society and Pakistan itself.
NAMAZ is key to success.
We need Allah swt in are life and nothing else.
May Allah swt have mercy us on and guide us all to the straight path.
I am sure that with the incredible ever increasing inflation, many poor people are going to commit suicide - and the Government will be responsible for their deaths.
I think that this dead Pakistani nation deserves to be treated like so. We have brought them to the power without keeping this thing in mind that what good N Leauge has done in their previous two terms.Bravo Nawaz Sharif!!!
Circular Debt was ended with a magic wand (getting Loans from IMF). Now the fruits of that wand are showing up. Brace up because it will gona be tough.
this is the country we live in but for the politicians it is the corporation, where they invest through election and get back profit after election by getting PM ship. they dont have any sympathy or kindness for the people of pakistan. what ever happen they dont care. before election they were claiming everything will be ok like a good salesman sales a poor thing in a good price.
Why is this govt. in power? Why cant these good for nothing politicians leave the people alone. Did they come into power to bring in slow and steady destruction? Please get out and leave the people alone. We want to live and we want people who can kick start the economy. Clearly they cant. They have failed.