Pakistan is going through the vicious cycle of several crises; the petroleum crisis is one of them. Recently, the government of Pakistan has raised the prices of petrol, diesel, and kerosene. Following which the Pakistanis are protesting heavily.
Earlier, there was a shortage of petroleum across the county. Consequently, PM Imran Khan ordered an inquiry on the crisis.
Instead of culminating the inquiry, the Pakistan Tehreek-e-Insaf government aggrandized the prices of oil. The price of (motor spirit) petrol soared to Rs25.58 to Rs100.10 per liter from Rs74.52. As per a press release of the Finance Division, this is an addition of 25.6 percent.
Moreover, the price of high-speed diesel (HSD) soared to Rs101.46 per liter from Rs80.15, a rise of Rs21.31. Furthermore, the price of kerosene oil (SKO) raise to Rs59.06 from Rs35.56., an increase of Rs23.50.
In addition, the rate of light diesel oil (LDO) raised to Rs55.98 from Rs38.14, an increase of Rs17.84.
As per the government, the global price hike spurred the increase in oil prices. Zulfi Bukhari says, Pakistan has the lowest fuel prices in the region.
Contrary to misinformation & lies being spread,Pakistan still has region’s lowest fuel prices
Fact1:Today petrol is Rs.17/L cheaper & diesel Rs.26/L cheaper than they were in in January
Fact2:While global petrol prices have gone up 112% in past 1.5 months,ours is only a 23% hike pic.twitter.com/0Ih0apZtD9
— Sayed Z Bukhari (@sayedzbukhari) June 27, 2020
People across Pakistan are protesting against the prices hike. Many are claiming that the oil in the international market is much cheaper but the government has raised the prices. According to the journalist, Ali Moeen Nawazish, it is the rise in tax.
- – Base price Rs 45.86 per liter
- – Taxation increased by 9.11% to Rs 44.55 per liter
- – Retailer Margin & Freight cost unchanged
- Total tax percentage: 44.5%
Here’s how people on social media reacting the rise in prices of oil.
After increasing petrol price to instant Rs 25
PM is all set to have dinner tomorrow.
Where are corona sops? Where is so called austerity, simply & blah blah blah? #PetrolPrice pic.twitter.com/ghfkst5pR1
— Usama Iqbal Khawaja (@KhUsamaIqbal) June 27, 2020
Why was this so urgent to push the petrol price by Rs.25 overnight?
We don’t know who are controlling all these price hikes & who are benefitting from it. But one thing crystal clear that PM @ImranKhanPTI is losing the war against status quo, mafias & cronies.#FuelPriceHike pic.twitter.com/xxA5Ol3CEC
— TURKAHOLIC 🇹🇷 (@ShahidNadeemPK) June 27, 2020
Oil “mafia” forces government to raise petrol prices back to where they were, petrol raised by a massive Rs 25.58/liter & should be now available in all petrol stations.
First was the mining mafia, then billion tree mafia, ghost teachers mafia, followed by construction mafia brt
— Saeed khan (@EngrsaeedAchakz) June 26, 2020
Unjustified increase in petrol price. @ImranKhanPTI in one go you have increased more then RS 25. When international price was going down your party people was saying we purchased fuel in advance so we provide relief accordingly.
— Farooq Hussain (@farooqhussain82) June 26, 2020
In conclusion, a variation in oil prices globally is not the only reason for rising petrol prices. The government has imposed heavy taxes on fuel.
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