Pakistan raises fuel prices yet again
Published on: December 01, 2009 at 12:50
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The new hikes were announced by Pakistan’s Oil and Gas Regulatory Authority (Ogra) which said petrol prices have been increased by Pak Rs 4.37 to Pak Rs 66 per litre for December.
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Price of high speed diesel (HSD), a deregulated product, rose by Pak Rs 5.73 per litre to Pak Rs 70.52 for December, an increase of 8.84 per cent.
HSD is the most consumed petroleum product in Pakistan and bulk of it is used by the transport sector.
The price of HOBC rose by Pak Rs 4.93 to Pak Rs 80.52, kerosene by Pak Rs 4.76 to Rs Pak Rs 62.63 and light diesel oil by Pak Rs 5.25 to Pak Rs 60.22.
According to the Ogra notification, the impact of oil prices in the international market is passed on to consumers as government taxes are fixed.
Pakistan government charges Pak Rs 10 per litre levy on petrol, Pak Rs 14 on HOBC, Pak Rs 6 on kerosene, Pak Rs 3 on light diesel oil and Pak Rs 8 on HSD.
Under the policy, Ogra is not required to forward a summary to the prime minister for approval.
Oil and Gas Regulatory Authority also increased the price of JP-1 (jet fuel) by Pak Rs 3.89 to Pak Rs 52.26 per litre for domestic air-lines.
The price of JP-1 for foreign airlines and cargo flights has been increased by Pak Rs 3.35 to Pak Rs 41.70 per litre.
The price of JP-4 has been raised by Pak Rs 4.34 to Pak Rs 45.68 per litre and of JP-8 by Pak Rs 3.89 and Pak Rs 3.88 to Pak Rs 54.79 and Pak Rs 51.97 per litre.
Pakistan’s oil refineries have raised the price of furnace oil by Pak Rs 329 per ton to Pak Rs 8,656.
The current price of imported furnace oil up to December 15 is Pak Rs 49,542, an increase of Pak Rs 141.52 per ton.
Total Comments : 1
Jeddy Posted On : Dec 02, 2009 12:09 AM
The government has been over charging. Even $79 per barrel it comes to Pak Rupees 14 per litre which is the price of oil. Breaking it down in its component pars like petrol, diesel and motor oil etc. The petrol should never exceed Rs 20 per litre. The 46 rupees is just tax which is completely unjustified.
The government has completely mismanaged the economy, food prices are outrageously high, sugar has virtually disappeared from the market because it is over priced.
The government has imposed 300% indirect tax on everything it can. It is unable levy enough revenue from income tax. This government is just as incompetent as the previous and all the others.
All that they do is imposing higher taxes and give nothing in return. The quality of life has not changed since 1947, people continue to live in miserable conditions because everyone is afraid of changing the status quo
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