The Oil and Gas Regulatory Authority (OGRA) has suggested an increase in petroleum products prices by Rs. 10 from January 2018.
The falling value of rupee against the US dollar and the rising price of crude oil in the international market has impacted the economy badly, therefore, the regulatory body has suggested the federal government to increase petroleum products’ prices temporarily to tackle the instability.
Due to the influence of Pakistani rupee’s falling value on the economy, OGRA has recommended following increments:
- Rs. 5.20 per liter in petrol prices,
- Rs. 4.50 per liter in high-speed diesel (HSD) prices,
- Rs. 6.00 per liter in light diesel oil (LDO), and
- Rs. 10.00 per liter in kerosene oil prices.
If the federal government approves these recommendations made by OGRA, then the new prices will be effective from January 1, 2018 (first day of next year).
Apart from rupee devaluation in Pakistan, the crude oil has seen a price hike of $2 per barrel internationally in the month of December.
The local currency was depreciated suddenly on December 13 when the central bank withdrew its support.
Ghyias Abdullah Paracha, who’s a central leader for All Pakistan CNG Association (APCNGA), had earlier said that volatility in the exchange rate would hike prices of oil and gas, which were already increasing in the international market, will badly impact Pakistan as energy is the largest import item of Pakistan.
Via ARY
Agar CNG Ki Tarha Price Increase Decrease OGRA K Hath Main Ho to Wo to Awam Ko Loot Khayenge :
Shukar hai Jis Recommends Kiya hai
Unfortunately, prices decide by Petrol Marketing Companies. OGRA is a rubber stamp over their decisions. When appointment in Govt Institutions on Favoritism, then such peoples decide such prices against the money they get under the table to authenticate new prices.
Hike is prices is usually due to bad governance, if a country is deficit so must recover from Agricultural sector, revenue can be generated from that. Secondly such increment by OGRA were seen earlier either the $ had stable against Rs.
So Such bullshit should be stop and controversy for hiking prices is due to $/ barrel is a lame.
STOP being FOOLISH & ACT WISELY!!!!
Following context relates to our governance not for Wahab Shb :P
OGRA ko awam k mafaad k liaye banaya tha, magar wo her Month hi ek Bomb girra deita hai!
Shukar Karo Her Month
News Main INDIA Walo Ne Elaan Kiya tha
K Fuel Rate Daily Basis Pe Decided Hoga Agar Zarorat Howi to
It was fake news.
Ok Ok Ok
But OGRA Ka Kaam hai Awam Ka Khooon Nichooor Kar Funds Arrange Karna
Agar Itna He Khayal Hota to Zameen Se Jo OIL Mill Raha hai Wo Paise Waha Invest Hote Aur Pakistan Apni OIL Ki Consumption Wahi Se Pura Kar K Export Karta
It could not be possible due to prices mostly updated on monthly basis in $ as well.