Re: Petrol bomb unleashed
PML-N to boycott PCNS meeting | Newspaper | DAWN.COM
Chaudhry Nisar, who served as petroleum minister in the two PML-N governments, claimed that the recent increase in prices was not proportionate to the rise in world prices. He said the decisions to increase the prices of petroleum products and compressed natural gas reflected poor and faulty economic policies of the government.
Re: Petrol bomb unleashed
What this has to do with oil prices of the world?
nothing........... you are right........... we actually don't have a govt.......which can make polilcy/manage anything......
Re: Petrol bomb unleashed
Daily Times - Leading News Resource of Pakistan
The government has ‘gifted’ a massive price rise in POL products on April Fool’s Day. But this is not the light-hearted fun and games associated with the occasion. The price rises are across the board and have hiked up almost all items above the Rs 100 per litre mark. HOBC has been increased by Rs 8.94 from Rs 126.87 to Rs 135.81; petrol by Rs 8.02 from Rs 97.66 to Rs 105.68; High Speed Diesel (HSD) by Rs 4.70 from Rs 103.46 to Rs 108.16; light diesel by Rs 5.45 from Rs 93.29 to Rs 98.74 and kerosene by Rs 5.29 from Rs 96.40 to Rs 101.69. CNG has been increased by Rs 9.93 for Region I and Rs 11.58 for Region II. This will increase the parity of CNG to petrol to 55 percent from the previous 53 percent. The increases have gone against the recommendations of OGRA to keep the prices intact and adjust the increase in import prices against the petroleum levy and also to limit price reviews to a quarterly basis. It also overrides the decision of the prime minister’s committee on petroleum prices to keep the price of HSD at the same level till June 2012. This latest massive increase follows the January and February price increases. Naturally, the massive hike is bound to unleash high inflation at a time when the people are already groaning under the burden of high prices for all goods, including the necessities of life.** It is interesting to note that whereas the CNG increase is meant to discourage its use in vehicles, the 2005 recommendation of the Petroleum Ministry to ban new CNG stations was ignored. The anomaly of allowing a whole sector to flourish and then strangling it shows that the government’s left hand does not seem to know what the right hand is doing. OGRA’s helplessness reduces the regulator’s role to a farce.**
The Federal Bureau of Revenue (FBR) will now earn Rs 7 billion from the petroleum levy in April and Rs 18 billion from GST on petroleum. OGRA’s recommendations were premised on the fact that the cost of foregoing revenue would not have been more than Rs 3.25 billion. Clearly, the syndrome of treating petroleum products as a ‘cash cow’ is alive and well and kicking the people in the teeth. It seems the government is only interested in revenue, not the sufferings of the people and the economy. Easy, expedient solutions in favour of higher revenues indicate the mindset of the government.
What is not entering the government’s calculations are the prospects of unrest when petroleum products-induced inflation hits pockets, and that too in an election year. There are forces waiting in the wings amongst the opposition to take advantage of any outbreak of general unrest. One report says the people’s purchasing power parity has declined by 65 percent over the last four years of the government’s tenure because of insensitive, solely revenue-oriented policies. Pauperisation is on the rise, with poor people struggling to get three square meals a day for themselves and their families. The middle class is being driven economically into the proletariat. What impact this will have on the political fortunes of the government come the elections remains a point of focus. Between now and the expected date of the elections in March 2013, the gamut of economic pain being borne by the people may well translate into a reaction against and resistance to the incumbents, a prospect that could throw political stability before and after the elections into question. *
Re: Petrol bomb unleashed
Well right now we pay roughly $2.30/litre or Rs 210/litre in Germany and things look like going only into one direction … UP 
BTW this price tag includes $1.23 or RS 112 taxes/duties per litre
Re: Petrol bomb unleashed
Oil prices have reduced and fluctuated too all over the world. So an increase is only fair when Govt had reduced it as well when prices went down. But they only see the rising costs, not the falling ones. In not too recent past OGRA recommended a reduction of 4 rupees per litre and Govt reduced it by some 78 paisas 
now dont quote me on this figure, its a rough recall from memory but people will understand what I wanna say.
Re: Petrol bomb unleashed
so what do you call those who don’t want to/able to understand?
Re: Petrol bomb unleashed
nothing........... you are right........... we actually don't have a govt.......which can make polilcy/manage anything......
Again what policy/manage of Paistani government has anything is to do with OPEC who manages the prices of oil. I think you are not that ignorant that Pakistan is not a member of OPEC.
Re: Petrol bomb unleashed
Again what policy/manage of Paistani government has anything is to do with OPEC who manages the prices of oil. I think you are not that ignorant that Pakistan is not a member of OPEC.
Read the daily times (Salman Taseer's group) newspaper that I have posted above the government will be earning 25 billion rupees in April on GST and other taxes.
Re: Petrol bomb unleashed
Some PPP leaders see shaky future | Provinces | DAWN.COM
**LAHORE, April 1: The latest increase in the prices of petroleum products and persistent outages have unnerved many PPP leaders at Punjab level as they have come clean on the fear of a possible setback in the next general election.
**
PPP central Information Secretary Qamar Zaman Kaira, however, speaks the official line: “Despite knowing the impact of the decision on his party in the future elections, it has opted for it with a heavy heart as there was no other option.”
The general perception is that the government is banking on excessive currency printing and increasing POL prices to generate revenue.
**A number of PPP office-bearers and provincial legislators Dawn spoke to on Sunday shared the worry that their government’s decision to go for ‘phenomenal’ increase in POL prices and failure to take measures to end loadshedding could cost dear.
**
**“Earlier, the people of my constituency were criticising the higher leadership for loadshedding, inflation and price spiral but now they have started targeting me as well,” an upset PPP legislator said and added he was avoiding visiting his constituency.
**
“How will we go into the 2013 general election with this package,” asked another MPA from south Punjab. He said his government should have taken its legislators into
confidence before taking the ‘unpopular’ decision.
**A PPP legislator wondered why “his party is not interested in winning the next election. I still cannot figure out as how we will face the public in the face of these anti-people decisions,” he said, predicting that in such a scenario the PPP might be wiped out from Punjab.
**
There is also a word in the PPP circles that the government is planning to announce ‘relief’ for the masses in June’s budget. “Once the issues of power outages and price hike settle a bit, the government will consider going for the election. You see the people have short memory,” he argued.
**Qamar Zaman Kaira, while speaking to Dawn, stated that no government wanted to take unpopular decisions. “We may not survive if we do not pass on the global impact of the POL price increase to the masses,” he said. And knowing the impact of the decision on the PPP, he said, the government did not go for more loans or printing currency as an alternative.
**
Mr Kaira further said the federal government had no cushion to give any more subsidy on electricity and POL products since it had given substantial share to the provinces under the NFC award. “We have taken difficult decisions for our party but not for the country. Pakistan’s survival hinges on its economy therefore we cannot go for popular decisions,” he added.
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No offence, but the die hard fans from sindh will still be saying........jeeay bhutto and vote again and again and again and again for these same thugs.
Re: Petrol bomb unleashed
cosmetic reduction in petrol prices, 2 Rs reduction in petrol price.
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as one of the staya hua pakistani said last night in one of the shows" moot saay dra kay bukhar pay razi kiya hai "
Re: Petrol bomb unleashed
The fuel prices (Brent crude) have come down from $128 (March 2012) to $112.26, but no courtesy from the government to revise the fuel prices.
Saudi says $100 per barrel great price for oil - geo.tv
OGRA had recommended the prices to be reduced:
http://dawn.com/2012/04/28/ogra-recommends-cut-in-petroleum-prices/
But Government rejected that:
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^ I sincerely hope that PPP brings Pertrol to 500/liter and even then you will see our friends all over from pakistan and especially interior sindh chanting Bhutto slogans and voting for PPP.
Re: Petrol bomb unleashed
Pakistan men loog dollars k hisaab se paise deyte hen 
Re: Petrol bomb unleashed
here in Canada gas prices are falling down, it was 141.1 last year and now I think 139. something :D
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Pakistan men loog dollars k hisaab se paise deyte hen :(
They earn in rupees and pay for them in dollars :( even then there is shortage of every thing.
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true, remember the four year comparison of essentials items price chart!! when once a upon a time, petrol was 62. something and now 
and like you said, that too when we were blessed to have everything in our country, whether its agriculture, fuel resources, fishery, pretty much everything! 
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The price is stable here.Cheaper than mineral water.
You want me to ship a few cans Rangoli & Ali ?
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The thing is that as to how i read the things, the government has not been able to enhance the taxbase, thats why they are trying to earn through exorbitant prices of fuel and electricity. The electricity prices have gone up almost 100 %, and on top of that they are charging about Rs 60 per unit as fuel surcharge that means a person who is getting a bill of 3000 has to pay almost another 6000 as fuel surcharge but still there is no electricity in the country.