POL price seen up Rs6-11/litre

The Financial Daily - - FRONT PAGE -

PM Gi­lani to give fi­nal ap­proval to­day

KARACHI: Gov­ern­ment is plan­ning to drop an­other petrol bomb on the masses to­day and is mulling to in­crease the price of pe­tro­leum prod­ucts by Rs612 from 1st April.

Ac­cord­ing to the sources in Oil and Gas Reg­u­la­tory Au­thor­ity (OGRA) sum­mary of in­crease in pe­tro­leum prod­ucts was for­warded to Prime Min­is­ter Syed Yousuf Raza Gi­lani for the ap­proval.

PM Gi­lani was in In­dia on Wed­nes­day but he as reaches Cap­i­tal to­day, af­ter that he would make some amend­ments in the sum­mary be­fore giv­ing it's a fi­nal go-ahead.

It is the pre­rog­a­tive of Prime Min­is­ter to amend the prices men­tioned in the sum­mary af­ter con­sul­ta­tion with his eco­nomic ad­vi­sors and po­lit­i­cal part­ners.

The source told that due to nat­u­ral calamity in Ja­pan and sit­u­a­tion took place in Libya, the in­crease in cost of pe­tro­leum prod­ucts has be­come in­evitable. It is ex­pected that the price of

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