• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Pakistan National

Historic high!

ToP by ToP
February 1, 2012
in National, Pakistan
0
petrol prices
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

petrol pricesISLAMABAD: Without showing any mercy to the people already cornered by inflation and economic instability, the government apathetically passed on the full impact of rising international oil prices to the consumers on Tuesday by raising POL prices to a record high, an increase of 3 to 6 percent accompanied by a 10 percent increase in cess on Compressed Natural Gas (CNG) with effect from February 1 (today).

According to a notification from the Oil and Gas Regulatory Authority (OGRA), the price of petrol has been increased by Rs 5.37 per litre to Rs 94.91 per litre, High Octane Blended Component (HOBC) by Rs 6.29 to Rs 118.20 per litre, High Speed Diesel (HSD) by Rs 4.64 to Rs 103.46 per litre, Light Diesel Oil (LDO) by Rs 3.43 to Rs 90.21 per litre and Super Kerosene Oil (SKO) by Rs 2.78 to Rs 92.02 per litre. Another notification issued by OGRA said CNG prices in Region I (comprising Khyber Pakhtunkhwa, Balochistan and Potohar including Rawalpindi, Islamabad and Gujjar Khan) had been increased by Rs 0.71 to Rs 74.29 per kg, and in Region II (comprising Sindh and Punjab) by Rs 0.36 to Rs 69.60 per kg. The All Pakistan CNG Association (APCNGA) condemned the increase in gas cess.

An official source said OGRA had recommended adjusting the increase in POL prices by lowering the petroleum levy (PL), as consumers were also paying GST on fuel. The Petroleum Ministry also supported OGRA’s recommendation, but the Finance Ministry rejected it nonetheless. Earlier, at the meeting of the National Assembly Standing Committee on Petroleum, Petroleum Secretary Ejaz Chaudhary made a spirited defence of Petroleum Minister Dr Asim Hussain for giving a before-time statement on increase in POL prices, which parliamentarians had criticised as a cue for hoarders to stock supplies.

However, the secretary said the people in the business were well aware of the situation as they monitored the international oil prices on a daily basis and the impact could easily be calculated online. He said that the ministry was working on a formula to bring price parity in various fuel prices to end the excessive demand for gas. He said the prices of fuels could be brought at par with each other by reducing the PL. – PT

Tags: oil prices in pakistanpetrol prices
Previous Post

After SOPA and PIPA now KIPA in Punjabi

Next Post

ECC facilitates millers, jacks up sugar prices

ToP

ToP

Related Posts

11th J.A. Zaman Memorial Open – Powered by Gem Golfers
Sports

11th J.A. Zaman Memorial Open – Powered by Gem Golfers

by Jameel Ahmad
April 9, 2025
Imran Khan
Pakistan

Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case

by Jameel Ahmad
January 17, 2025
shaza fatima khawaja
Pakistan

World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

by Jameel Ahmad
January 15, 2025
Kundi
Pakistan

“Nothing Was Seen”: Kundi on Talks

by Jameel Ahmad
January 3, 2025
Inflation
Pakistan

Pakistan’s Inflation Plummets to 6-Year Low: ‘4.9% in November Sparks Hope for Rate Cuts’

by Jameel Ahmad
December 2, 2024
Belarus President
Pakistan

Belarusian President’s Three-Day Visit to Pakistan Promises Strengthened Ties and Key Agreements

by ToP
November 25, 2024
Arno by Anny Dresses
Fashion News

Arno by Anny’s Launched its Latest Western Wear Collection for Women

by Jameel Ahmad
October 31, 2024
Next Post
Dr Abdul Hafeez Shaikh

ECC facilitates millers, jacks up sugar prices

Popular Stories

  • Top Pakistani Songs

    Top 10 Pakistani Songs

    0 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In