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ANNOUNCEMENT OF HUGE HIKE IN PETROLEUM PRODUCTS


Islamabad, Pakistan: Government of Pakistan suddenly notified the huge hike in petroleum products, including Petrol and Diesel with immediate effect. Hike increased percentage range from 27% to 66%, as a result petrol bomb dropped on Pakistani Peoples.

1. PETROL                            INCREASE AMOUNT RS. 25.58     NEW PRICE RS. 100.10

 2. HIGH SPEED DIESEL     INCREASE AMOUNT RS. 21.31    NEW PRICE RS. 100.146

 3. KEROSENE                      INCREASE AMOUNT RS. 23.50     NEW PRICE RS. 59.06

 4. LIGHT DIESEL OIL        INCREASE AMOUNT RS. 17.84    NEW PRICE RS. 55.98

Mostly peoples surprised from this step because this hike took place suddenly and did not implemented  through any summary move by oil sector regulator, which is normal procedure.

Peoples also know that this step taken due to control ongoing supply chain disruption that have led to serious shortage of petroleum products in many parts of the country and it can create more irritation and anger in the people. 

Government official informed that this price hike or increased before four days of due date without waiting for any summary move by Oil & Gas Regularity Authority (OGRA) to immediately pass on the impact of international price hike. New price will remain effective util July 31st 2020.  


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