Petroleum price hike hurting Pakistanis (Lead)
February 2nd, 2012 - 7:50 pm ICT by IANSIslamabad, Feb 2 (IANS) The steep hike in petroleum prices has shocked Pakistanis.
Reflecting popular opinion, the Pakistani media is wondering if there is any proper regulatory authority to manage the pricing mechanism in the sector.
The Daily Times accused the government of dropping “another bombshell on the masses by announcing a mammoth increase in petroleum prices, which it had earlier called off on New Year’s eve”.
Prices of petrol, diesel, cooking gas and compressed natural gas have been hiked in the country.
The hike in petrol price is six percent while diesel price has gone up by 4.7 percent.
The LPG is costlier by Rs.15 a kg. CNG price is up by 10 percent per kg.
The editorial said the latest hike has come at a time when “the masses and the country’s economy are going through a rough patch.
“Owing to the acute fuel and energy shortage, production has suffered tremendously and thousands of workers have been laid off. Agriculture output also shows a negative trend.
“In this scenario, how will the sliding economy endure an impact of another massive hike in petroleum prices is anyone’s guess?”
- Petroleum price hike bombshell for Pakistanis: Daily - Feb 02, 2012
- CNG price raised by Rs.2.30 in national capital region - Sep 30, 2011
- India Inc calls for dual pricing of diesel, LPG - May 24, 2012
- Fuel prices hiked in Pakistan - Apr 01, 2012
- CNG prices raised up to Rs.2 a kg in NCR (Lead) - Dec 30, 2011
- Government to decide on diesel, LPG price hike Friday - May 24, 2012
- CNG gets dearer by 30 paisa in Delhi - Apr 02, 2011
- CNG price to go up by up to Rs.2 per kg - Dec 30, 2011
- Things that would get costlier in Delhi post-budget - Mar 22, 2010
- Regulator asks IGL to reduce gas prices - Apr 10, 2012
- CNG price raised marginally - Jun 04, 2011
- Ministerial meet to discuss LPG supply, price deferred - Sep 16, 2011
- Fresh petrol price hike of Rs.1.80 per litre - Nov 03, 2011
- No stay on regulator's order to cut gas prices in Delhi (Lead) - Apr 11, 2012
- Have power to frame CNG tariff rules, regulator tells court (Lead) - May 22, 2012
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