Government faces harsh criticism over petrol price increase


The caretaker government after hesitating, at last, surged the prices of petroleum products in the country up to PKR 6.55. This recent action has been harshly criticised not only by the local consumers but also by Islamabad Chamber of Commerce and Industry (ICCI) and Lahore Chamber of Commerce and Industry (LCCI).

Both ICCI and LCCI have argued that this recent price hike will negatively affect the already dwindling economy of the country. LCCI President Malik Tahir Javaid, while talking to the Media, said that if the caretaker government doesn’t withdraw the recent price hike then no sector in the country will remain unaffected by it. Moreover, he also criticised Oil and Gas Regulatory Authority (OGRA) for recommending price increase and not taking out the overall health of country’s economy.

Read Also: Petrol prices increased by PKR 4.26 per litre

Islamabad Chamber of Commerce and Industry’s acting President Muhammad Naveed Malik asserted that the government has increased the prices of petroleum products at a bad time when the local business community is suffering from numerous domestic challenges. We urge the caretaker government to withdraw the price surge on petroleum products, he added.

It is pertinent to mention here that while ICCI and LCCI are criticising the price increase on petroleum products the Overseas Investors Chamber of Commerce and Industry (OICCI) has defended the increase in prices stating that the price of crude oil globally has risen and Rupee against Dollar is facing devaluation after an equal interval of time.

The current price of petroleum products are as follow:

  • Petrol: 91.96 per litre an increase of PKR 4.26 or 4.9%
  • High-speed diesel: PKR 105.31 per litre an increase of PKR 6.55 or 6.6%
  • Kerosene oil: PKR 84.34 per litre an increase of PKR 4.46 or 5.6%
  • Light-speed diesel: PKR 74.99 per litre an increase of 6.14 or 8.9%

That’s it from our side, drop your thoughts in the comments section below.


Notable Replies

  1. Koi aik bandae interim federal govt main aisae nahi ha jiskae barae main koi achi cheeze suna ho

  2. To maina kab kaha ha pichlae bohat achae thae ? A se lain kar Z tak sarae garbage maal ha . Jo party Utah kar dekh lo wahi poorani shaklae ha . Jis ka chance ziada hota ha jeet nae ka us main sarae crocodiles ja kar mil jatae ha . Do you expect change in such circumstances ?

  3. Basit bhai aapki baat kafi had tak theek ha .lekin aap yeh bhi dekhae ke hakumat majboor karti ha logo ko ghalat kaam karnae ki . Yeh kis mulk main hota ha kae 100 rs ke recharge per 60 rs straight forward kat jae baad main har call per tax aleda bharae . 4500 rs ke internet per 1500 rs tax . Petrol per 45 rupees tax .

  4. Exports ka bhi hakumat ne bera garq Kia ha .na un becharie ko has detae ha aur na electricity .we had such a good textile industry and garment industry destroyed by this situation . Akhir baat aapki sab se ziada pasand aye ha . Aik Hadees bhi ha ke har bandae ka rizq likha ja chuka ha .ab yeh bandae per depend karta ha ke woh usko hasil karnae ke lia hilal tareeqae istamal karta ya ya haram

  5. Its a bit Off-topic... but let me give you my example:

    Mainay apnay career ka start NESPAK sey kia tha.
    Designing mein interest nai tha, so I joined Irrigation Department, Govt. of the Punjab as SDO, since meray paas just yei option thi.

    I resigned after 05 months!
    (Halal mein Guzara hota nai tha, aur Haram khana meri srisht mein nai hai! :innocent:)

    and SDO ki noukri koi banda nai chorta! I was the first one, and only one to resign from that batch.

    ALLAH Pa'ak sey yei Dua mangta tha k koi acha silsila banay aur meri Ja'an chutay, and ALLAH Ka Shukar k suni gye.

    And agar kabhi feel hua k ub iss mulk ki zameen meray liay tang hoti ja rai hai, may be main I.A. bahir switch kar jaon? :hugging:

    Where there is a will, there is always a way!

    Banda galat ka'am na karay, apna daman aur Izzat bchatay huay khamooshi sey nikal jye! :wink:

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