Any step to in­crease POL prices may trap govt


The Nawaz gov­ern­ment is likely to in­crease the petroleum prod­ucts prices up to Rs 3.60 per liter from Jan­uary 1, 2014. How­ever, Oil ad Gas Reg­u­la­tory Au­thor­ity (Ogra) has rec­om­mended to the gov­ern­ment not to in­crease the POL prices and main­tain the prices at ex­ist­ing level. The po­lit­i­cal pun­dits are say­ing if the prices of POL prices get in­creases, the on­go­ing protest ral­lies against in­fla­tion will gain mo­men­tum. Any de­ci­sion to in­crease POL prices will be a hard nut to crack for the gov­ern­ment.

And in case the gov­ern­ment does no show will­ing­ness to re­duce the petroleum levy on petroleum prod­ucts, then a new wave of surge in on­go­ing in­fla­tion which is al­ready in dou­ble digit would again hit 180 mil­lion coun­try­men.

In case of no re­duc­tion in petroleum levy, the price of petrol (mo­tor gaso­line) is to in­crease by Rs 2.91 per liter and HOBC ( high oc­tane blend­ing com­po­nent) will go up by Rs 3.60 per liter. The rice of high speed diesel (HSD) is to in­crease by Rs 2.36 per liter, kerosene oil Rs 1.38 per liter, and light diesel oil Rs 1.80 per liter. How­ever, the fi­nal de­ci­sion will be made by rime Min­is­ter Mian Mo­ham­mad Nawaz Sharif.

The chief ex­ec­u­tive of the coun­try, the of­fi­cial said, may not in­crease the POL prod­ucts prices keep­ing in view the dou­ble digit in­fla­tion that has vir­tu­ally made the lives of masses mis­er­able.

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