Cruel raise in POL prices up to 12.33 percent
ISLAMABAD: The Pakistani public already crushed by the unbridled inflation was again thrown into deep trouble by the insensitive rulers who have raised the prices of petroleum products up to Rs12.33 percent.
There have been cruel leaders at all times and ages in Pakistan’s history, but the ruthlessness of these leaders towards the public surpasses all.
Increasing the rates for several straight weeks, the Federal Finance Ministry on Saturday morning announced an alarming rise in prices of different petroleum products.
According to the finance ministry, the price of petrol has gone through the roof with an increase of Rs10.49 per liter which means the petrol will now be available to commuters at a record Rs137.79 per litre – a historic figure.
Similarly, the price of high-speed diesel was also fuelled by Rs12.44 per liter, kerosene oil by Rs10.95 per liter and light-speed diesel rate also became dearer by Rs8.84 per litre.
The insensitive raise in POL prices would no doubt bring another burning wave of price hikes in all sectors including transport.
The people already hit hard by the skyrocketing inflation would suffer further as food, energy, and transport costs would all rise rapidly, adding to the strain Pakistanis were already dealing with by making ends meet.
The federal government has increased the prices of petroleum products (POL prices) for the eighth time in the last four months.
Since June 15, the prices of petroleum products have gone up by Rs 30.70 per liter.
The price of high-speed diesel has been increased by Rs 23.72 per liter, the price of light diesel has been increased by Rs 30.70 per liter while the price of kerosene has been increased by Rs 30.26 per liter in last for months.
It is pertinent to mention here that Oil and Gas Regulatory Authority (OGRA) had recommended an Rs5.90 per liter increase in the price of petrol.
The authority forwarded a summary to the Petroleum Division in which it suggested increasing the price of petrol by Rs5 per liter from October 16.
It also recommended an increase of Rs10 per liter in the price of high-speed diesel.
The new prices have been enformed from today (October 16) for the upcoming 15 days.
Earlier, the federal government had increased the price of petrol by Rs4 per litre from October 01. TF Report
