Tag Archives: Hike

LPG distributors warn against price hike

LPG distributors warn against price hike

KARACHI – The All-Pakistan Liquefied Petroleum Gas (LPG) Distributors Association (APLDA) requested local producers not to increase the price of LPG to avoid further reduction in LPG sale, despite an expected increase of Rs 3.75 per kilogramme (kg) because of a price hike in the international market. Talking to Pakistan Today on Thursday, APLDA Chairman Abdul Hadi Khan said the LPG sale in the country had already reduced by 60 percent and an LPG price hike might cause a further

POL prices set for major hike in April

KARACHI – The prices of petroleum products are likely to see a major upward revision in the month of April as the government is likely to pass on the impact of rising crude oil prices to consumers.
Assuming that the government does not tinker with the petroleum levy amount, price of HSD and MS should be increased by Rs 7.59 per liter and Rs 4.73 per liter, respectively.While the levy on HSD is currently negligible at just Rs 0.44 per liter, any increase in it to accommodate a

Hike in milk prices: SHC issues notices to CS, CDGK while Administrator summons meeting

KARACHI – The Sindh High Court (SHC) on Friday issued notices to the Sindh chief secretary, City District Government Karachi and other respondents on a constitutional petition seeking implementation of consumer laws across the province and government action against the price hike in different edible items, including milk and milk products. Rana Faiz-ul-Hassan of the United Human Rights had moved a constitutional petition in which he stated that court had issued directions to the Sindh

2pc hike in power tariff tomorrow

ISLAMABAD – After having passed on the complete tariff hike on to the consumers by the National Electric Power Regulatory Power (NEPRA), the government would on Monday (tomorrow) notify an imposition of two percent surcharge on power tariff, applicable from April 1.
An official source said the IMF had asked for an increase in power tariff, but the government informed that the determined power tariff had been completely passed on to the consumers. The power tariff could be

LHC moved to stop further power tariff hike

LAHORE – A petition was filed in the Lahore High Court (LHC) on Monday seeking court orders to restrain the federal government from further increasing the electricity prices and declare all taxes levied on electricity bills as unconstitutional. Rana Ilmddin filed the petition submitting that the unnecessary and illegal taxes imposed by the federal government had forced the people to commit suicides. He said that people were paying direct or indirect taxes on every commodity they

Prices remain stable despite petroleum price hike

LAHORE – Despite last week’s increase in petroleum prices, vegetable prices remained stable while fruit prices rose at Sunday bazaars. Vendors said they were nticipating a possible price increase next week. They also said that sales increased due to first Sunday of the week and less prices. Vegetable vendors said vegetables prices were stable due to better supplies from the farms. Green Town Sunday bazaar vegetable seller Muhammad Akram said, “Increases in petroleum prices do increase

POL price hike lands ANP, MQM on the same page

KARACHI – After a long time, the ANP on Thursday supported the MQM for demanding reduction in petroleum prices recently announced by the Oil and Gas Regularity Authority (OGRA). In a statement issued from the Bacha Khan Markaz, ANP Sindh President Shahi Syed stated that the demand for the reduction in prices of petroleum products is right to avoid further burdening the public. “Every time government is advised to adopt alternate sources rather than increasing the prices of petroleum

Citizens protest hike in petroleum prices protested

SAHIWAL – The activists of political and religious parties as well as civil society members took out a rally against the increase in petroleum products. Speaking on this occasion, the leaders of Jamaat-e-Islami, Tehrik-e-Insaf, Muslim League-N and different religious parties said that the increase in the petroleum prices would raise the rates of all the household items in the market while the poor would be forced to commit suicide. They demanded government withdraw the decision and

Traders reject hike in petroleum prices

SIALKOT – Sialkot Chamber of Commerce and Industry (SCCI), Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Pakistan Gloves Manufacturers and Exporters Association (PGMEA), Sialkot Markazi Anjuman Tajiran and other main trade bodies have rejected the recent hike in petroleum prices. SCCI President Ghulam Mustafa Chaudhry, PRGMEA Central Chairman Ejaz A Khokhar, PGMEA Chairman Sheikh Muhammad Younas and Sialkot Markazi Anjuman Tajraan President Mehar Ghulam

Nawaz rejects POL price hike

LAHORE – PML-N chief Nawaz Sharif on Tuesday rejected the hike in POL prices and demanded the government provide the people subsidy on petrol and diesel by curbing tax evasion and corruption. Addressing party workers from Karachi and Balochistan divisions at his Model Town residence, Nawaz called on the government to punish all those involved in target killings in Karachi and demanded a judicial probe into the May 12, 2007 massacre in the country’s financial hub.
He said peace in

Sindh Assembly session – United they stand on PML-N, divided they are on oil price hike

KARACHI – The ruling Pakistan People’s Party (PPP) succeeded in getting a unanimous resolution against the Pakistan Muslim League-N adopted in the Sindh Assembly on Tuesday after convincing coalition partners Muttahida Qaumi Movement (MQM) of the need for such a resolution.
This unity was short-lived, however, as Muttahida staged a token walkout against the fresh increase in petroleum prices made by PPP’s government in the Centre soon after the PML-N resolution was passed. Three

POL price hike – Politicians warn of Egypt-like revolt

LAHORE – Politicians condemned the hike in POL prices and demanded its reversal before Pakistanis rises up in revolt like Egypt, Tunisia, Bahrain and Libya.
PAKISTAN MUSLIM LEAGUE-NAWAZ: Nawaz Sharif warned the government to not test the public patience because if it will brim over once, rulers will not be able to escape the consequences. He demanded immediate withdrawal of the hike, saying if the government cannot decrease the public’s miseries then it should at least avoid

Russia imposes first rate hike since crisis

MOSCOW – The Russian central bank, on Friday, said it was raising its main refinancing rate 0.25 basis points to eight percent, its first hike in interest rates since the economic crisis over two years ago. The Bank of Russia said in a statement that the rate hike, effective from Monday, was needed due to expectations of higher inflation in Russia and high global oil prices.
“The decision was taken due to continued high inflation expectations,” it said in a statement. The rate

Parliamentary body rejects hike in POL prices

ISLAMABAD – The parliamentary committee formed to settle the petroleum products pricing formula has expressed dissatisfaction over the Ministry of Petroleum’s presentation, opposed any hikes and has sought replies on various queries by Thursday.
A source said the committee members criticized the government mechanism of passing on the increase in international oil prices to the consumers, without bothering to consider providing relief through the petroleum levy (PL) and general

Doctors strike, patients told to take a hike

KARACHI – Doctors working in public sector hospitals across Sindh including Karachi observed a two-hour strike on Friday in response to the call issued by the Pakistan Medical Association (PMA), Karachi against increasing incidents of killings of doctors in the province.
The PMA issued the call for this strike on Thursday during a meeting held at the PMA House to condemn the brutal murder of yet another doctor, Dr Imran Wasi, who was shot dead near the Lyari General Hospital.

OGRA chief, others summoned over POL products price hike

KARACHI – The Sindh High Court (SHC) on Tuesday summoned the Oil and Gas Regulatory Authority (OGRA) chairman, federal Finance and Law secretaries, the deputy attorney general and other respondents over a petition against the increase in the prices of petroleum products.
After hearing the preliminary comments of Maulvi Iqbal Hyder, the petitioner, a division bench headed by SHC Chief Justice Sarmad Jalal Osmany issued notices to the respondents seeking explanation in this

Punjab PA discusses water shortage, price hike

LAHORE – The Punjab Assembly proceedings were inflicted by quorum issue again on Monday and this time the Pakistan People’s party (PPP) lawmaker Shaharyar Ali Khan pointed out the quorum just before the opening of the general discussion on price hike.
Meeting after a two-day break, under the chair of the Speaker Rana Muhammad Iqbal, the proceedings started about an hour and 25 minutes late
Following the recitation of the holy Quran and a naat, PML-Q forward block MPA Dr