Petroleum push and pull

by on 07 9th, 2009 | Comments (76)
Petroleum push and pull

The Oil and Gas Regulatory Authority raised the prices of petroleum products on Thursday following a presidential ordinance. The hike came a day after the Supreme Court suspended a government-imposed carbon surcharge in an effort to keep the price of petroleum products low. 

The price hike means that petrol will now be available at Rs 62.13 per litre while kerosene is now priced at Rs 59.35 per litre.

Is the ongoing petroleum price see-saw a clash of perceptions between the executive and the judiciary? What does the price hike indicate about government priorities? Are local petroleum prices tied to the international market, or is this price hike a result of IMF requirements for Pakistan?

 

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76 Responses to “Petroleum push and pull”

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  1. Al Baloushi says:
    July 9, 2009 at 2:05 pm

    It is sad that no one is taking care of masses, there is alot that is corrupt and failing on all fronts. Only people have high hopes with judiciary and support them in their struggles.

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