Total failure of incompetent Government. The PTI government has totally remained inefficient in order to take right decisions since its existence, one main reason is that they have a lack of expertise and skills. In India Petrol cost is 90 rs per litre and disel 84 rs per litre but 1 indian rupee is equal to .46 pakistani rupee. IK has finally got the fuel crises resolved. Updated Prices for Petrol from 13 May 2021 to 19 May 2021 are: RON95 : RM2.05 per litre (0 sen) RON97 : RM2.60 per litre (0 sen) Diesel : RM2.15 per litre (0 sen) Updates: For the week of 13 May 2021 to 19 May 2021, the fuel prices of RON95 and RON97 will remain unchanged at RM2.05 and RM2.60 per litre, respectively. countries are located in Asia, four in Africa, and one in South America. I guess wishes and reality are not matching as the PTI government is expecting. Petrol (gasoline) price per litre in USD along with 10-year inflation The data is sourced from energy.gov and as pointed out here, the sudden spike in oil price in the 1980s is because of US sanctions again Iran that was removed and reimposed again and again since then! Price of Brent is Usd 40 per barell (Taking 1 Litre = 1 / 0.26417 US Gallon) Even at increased price of Petrol of PKR 100 per litre ; the price is comparable to US prices or even cheaper than Canada & relatively much cheaper than in Indian cities where the prices are between INR 70-75/litre with Currency exchange rate of 1 INR = 2.2 PKR. The petrol rates in India recorded at Rs 90.99 per litre in New Delhi, Rs 91.14 per litre in Kolkata, Rs 97.34 per litre in Mumbai and Rs 92.97 per litre in Chennai. DESPITE the PPP’s tall claims of running Sindh efficiently, the grim spectre of tribal feuds continues to haunt ... Pakistan has enjoyed close relations with Washington and Beijing; now is the wrong time to start prioritising one over the other. So when the oil was cheap, they created a shortage and now they are increasing the prices. This sudden huge jump in the fuel prices is because of blackmailing of the oil companies. You imagine the worst and Mr. Khan will do that. Normally petroleum prices are revised monthly and on the basis of previous months import rates. The new prices are usually announced on the last day of a month and usually come into effect after 12am for the upcoming month. ($1=46.35 rupees) (Compile by Nidhi Verma in NEW DELHI) Long line of vehicles at petrol stations. It's very amazing to see petroleum like commodities have price increase of one fourth in one go. As a rule, prices at petrol stations located along highways may turn out to be slightly higher (10â20 eurocents) than at petrol stations next to large shopping complexes. When international prices fell they said we have to wait 30 days to pass on savings.. Now instant increase? The fares were still not decreased by the transporters and this increase will give them reason to double their own transport rates and the related rise in market prices of everything. However, Opec, Russia and allies had earlier this month agreed to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10pc of global supplies from the market. Where the price has gone up. The levy remains in the federal kitty unlike GST that goes to the divisible pool taxes and thus about 57pc share is grabbed by the provinces. Last change in Mon petrol price was on May 10, 2021 and it was increased by +0.25 rupees. This figure refining and transporting, commission, etc., are included in retail price. have access to the same petroleum prices of international markets but then decide to impose different taxes. Prices are as per the date 15 Feb 2021. Now the shortage will end.The petrol cartel just wanted to lose money even for few weeks. To hide behind the 'global rise' excuse is either fooling people or taken them for granted. However, the rates imposed by the government are exaggerated in every form. For example, in the UK in 2020, fuel duty on a litre of petrol or diesel is £0.5795 (3.01 AED, US$ 0.82). The cost of crude oil is the largest component of the retail price of gasoline or petrol. Check Petrol Price Chart, Trend and Map to know more.Cost of Petrol ⦠Fuel and petrol price in Abu Dhabi, Dubai, UAE from August 2015 is about AED 2.14 (AED 9.33 or US$2.54 per gallon), increased from AED 1.72 per liter in July 2015 (AED 7.50 or US$2 per gallon). Mini Buses / Taxis. Here are the numbers, Editorial: The premier should leave no stone unturned to unearth the facts behind the Ring Road scandal, Karachi desperately needs to create a functional storm-water drainage system, Qureshi, Turkish FM discuss ways to mobilise global community to stop Israeli aggression. Another U-turn! @ Price increase due to increase in local levies. Meanwhile, the price of light diesel oil (LDO) has been pushed up by Rs17.84 to Rs55.98 from the current Rs38.14. So Now You Know the Reason for Fuel Shortage. Soon, the public will get frustrated to the level where they will take matters in their own hands. Fruits of democracy???? The differences in prices across countries are mainly due to the various taxes and subsidies for gasoline. Is it a people friendly act. Azerbaijan has the lowest rate in Europe. Who hired these clowns? The government of Nepal today decided to deduct the price of petrol, diesel, and kerosene by Rs 10 per litre on each item, with effect from midnight. $2.40, followed by Central African Rep. and the Netherlands. Most shameless government. If the government will not give relief to the poor people who else will give relief to the poor? Petroleum companies were busy in buying petrol just for Rs.74 or may be lesser than that, now they will make business by selling that Rs.74 petrol in new prices that government has raised. What are the prices of bullock carts and horse carts? Percentage of increase of global oil prices and domestic rates don’t match. The ex-depot price of petrol was also set at Rs103.69 per litre instead of Rs100.69, showing an increase of Rs3 per litre or 2.97pc. Gasoline prices, Octane-95, 10-May-2021: The average price of gasoline around the world is 1.16 U.S. Dollar per liter. Now the oil shortage will be removed overnight and the supply chain will be functional immediately. In the past 15 days the petroleum rates were increased daily in India. Who needs Covid to set back the economy? have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices. But sudden increase that much cannot be digested. However, those oil firms which had hoarded stocks, would make billions of ruppes after the hefty increase in the oil prices for the month of July 2020. Recently, the price of WTI Customers in Mumbai will now have to pay â¹ 95.21 per litre for one-litre petrol and for diesel they will have to shell out â¹ 86.06 for a litre. Out of the 167 countries/regions listed, 73 have a price below 1 USD dollar. i.e. In Mumbai, the price of petrol was Rs 87.74 per litre and diesel was Rs 76.86 per litre. What else can i say. The decision to revise the prices of petroleum products upwards was taken "in view of the rising oil prices trend in the global market", the brief statement issued by the Finance Division said. Petrol Price in Nepal Today 2020 As of April 1, 2020, Nepal Oil Corporation (NOC) has updated the petrol price in Nepal. Hong Kong has the most expensive price of Gasoline prices per liter, octane-95: We show prices for USA from 25-Jan-2021 to 03-May-2021. Its only going up for Pakistan not else where. Both diesel and petrol prices in the UAE saw a decline in October and November 2019 but went up in December 2019. May government was preparing the masses in the last one month as they were enduring the chronic fuel shortages so that they are happy that at least it is available now regardless of price. Now same oil is being allowed to be sold on 35% higher rate. Other metropolitan cities have witnessed similar price hikes in fuel rates. Very soon the PM will appoint another inquiry commission to save the skin of the the oil mafia as has been done in the case of sugar scandal. It is astonishing to note that government even did not waited until the month of June 2020 to end and increased petrol prices effective from today. Salute to Petrol mafia. Current Bhubhaneswar Petrol price per litre is taken from Hindustan Petroleum Corporation Limited may vary within the city and at outlets of other companies. USD/Liter This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Gasoline Prices. Any country would have crumbled. What is happening behind the contradictory half-truths? At midnight, the petrol price will rise by R1.18 per litre, and diesel is going up by 22 cents p/l. All countries crude oil has been $60-$61 a barrel. VAT of 20% is also added. Consumers will face the highest loss but the incumbent government will not be able to attain people's confidence after this self defeating step. So the increase is eyewatering. This includes tax as well. After this hike, petrol price in Pakistan is still the cheapest compared to other Asian and European countries. See the petrol prices at the middle of April 2021. Loans from every where, increase in prices of food items, locusts, corona , fatf sanction, big families, Chinese domination, ghabarana nahin government, nothing seems to be bothering or affecting them and are still sustaining. Ask the oil companies, they drooled all over it, There was no need to reduce the prices to begin with. Petrol Price in Chennai Today: The price of Petrol in Chennai is at Rs 93.84 per litre Today. Poor management by PTI. They show the comparison of the crude price to what consumers are paying at the pump before and after the crash. Shame on the system for beating an already beaten public! The cost of crude oil per barrel is 42 US dollars. Prices are high in European nations as only five countries have less than Minus IK this PTI government is no different from the previous corrupt to the core PML-N and PPP governments. The price of high-speed diesel (HSD) has been hiked to Rs101.46 per litre from the current price of Rs80.15, a jump of Rs21.31. I Still need to understand the changing position on price by the government. with exchange rate of 1USD = 170 PKR = 2.1 x 170 = PKR 357 for 3.785 litres . It is assisting oil rich countries run their countries while pakistani people become martyrs in their pursuit. Another wrong move to make people suffer. The vested interests of oil companies have been successful in depriving the people of the benefit of price reduction and stored huge quantities with resulted in un precedented shortage all over country. Prices are not rising globally. Then even those privileged 800,000 people would not be able to stop the public. Its huge fluctuation. The government should quit. And a few days ago IK was boasting that prices of petrol/diesel were lowest in Pakistan. Qatar and the USA are among the top 10 richest economies but has low gasoline price below $1. However, there is substantial difference in these prices among countries. Recently, the price of WTI crude oil has been $60-$61 a barrel. What is this !!! The fuel rates have been hiked for the sixth straight day which came into effect from 6 am today. Fuel price shows the average price per litre at pump in many countries with up to 15 years of historical data. The petrol rates in Lucknow jumped in the following days as the prices of international crude oil witnessed a spike with the trade tensions between Washington and Beijing eased. 42 out of 47 European countries have a price above $1. Photo Credit: Philip Lange/Shutterstock 92.29 per Litre. Natural for prices to increase in Pakistan if they are increasing internationally. PSO bore all the load of the fall in petrol prices, whilst private OMC laid back, and now would enjoy selling the hoarded petrol they bought so cheap. Here, 1 litre of crude oil should cost 44.2 rupees. 4 in Oceania. It managed to do after global oil prices dropped. Can any guess or calculate billions made by hoarders go knew about the imminent massive price increase? World's travel down , industry output bare minimum, consumption of oil drastically low all over the world, then why this jump of 25% in the price ? The prices have gone up everywhere. Is it not? This is a double attack over the already rising Corona injuries on the citizens. Consumer After seven decades, the country should have become self sufficient in drilling the petrol, but no sincere efforts have ever been made for drilling of petrol. The sales of kerosene oil and LDO are generally less than 11,000 and 2000 tonnes per month. In the worldwide oil industry, an oil barrel is defined as 42 U.S. gallons, which Government lost second case besides Justice Faiz Isa case. White lies. Even after the increase, prices in Pakistan are still lower than neighbouring countries (who will probably increase further now! This is tyrannical. The government is inept and incompetent. The announcement of the fuel prices hike comes unexpectedly as the prices revised last month were to remain in effect until June 30. Petrol and diesel rates are revised at 06:00 a.m. every day. Tax on fuel in most countries is typically high. Again I am not supporting IK here because What the Pakistani consumers are facing is the hit due to weakening of their currency, which no one is talking about & for which IK government is indeed responsible, but otherwise compare it with the prices of Petrol or gasoline even in USA which sell at USD 2.10 per Gallon or 3.785 litres. Compunode.com Pvt. Again due to low stocks, pumps not filling more than Rs.1000 till midnight. THE PTI government has an ambitious plan to develop agriculture over the next three years. This petrol rate rise will cause steep price increase of everything, watch out. Prices for 95-octane gasoline, or "Special" as it's called at the pump. The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new retail price band for oil marketers. Prices under Nawaz Sharif govt were Rs70 per litre when oil was at $40 per barrel internationally as it is today. As a general rule, richer countries The average value for USA during that period was 0.81 U.S. Dollar with a minimum of 0.72 U.S. Dollar on 25-Jan-2021 and a maximum of 0.86 U.S. Dollar on 03-May-2021. So. Govt decreases prices with lag while increases spontaneously, Now Fuel will be available at every petrol pump. No city can manage huge amounts of rainfall without a subterranean drainage system of some sort. Petrol and HSD are two major products that generate most of the revenue for the government because of their massive and yet growing consumption in the country. When compared to India prices are still 60% cheap. Besides the 17pc GST, the government has almost quadrupled the rate of petroleum levy on HSD and petrol to Rs30 per litre — the maximum permissible limit — from Rs8 per litre in January last year. The PTI government must now lay itself open for ruthless accountability. Holy guacamole! In USA I pay $2.05 (Rs.340) per Gallon (4Litres) for 93 Octane (High Octane Petrol), i.e., Rs85.05 per Litre for top quality Petrol. Previous oil price reduction has been more than recovered with this cruel increase by the Governmnet. Average capacity: 45 litres Cost for a full tank of petrol: R727.20 Cost for a full tank of diesel: R657.80. 30 have between $1.50-$2.00, and three have over $2. is about 159 liters. Internationally prices are still cheap. Six months window for performance no more. This will accelerate the speed of PTI government demise. But the decrease was not mouth watering? There is no global rise in oil prices. An increase of Rs 25.58 on the existing price of Rs 74.52 comes to about 35% not 25.6% as claimed by the Finance Division. This government feeling people with both hands !!! Very good keep the prices up.Good.for environment, Actually surrendered in face of oil mafia. It appears to be a panic decision. More than 200 people have been killed and over 1,500 injured so far, with some 72,000 fleeing their homes. After increase in prices of petroleum products, petrol will be available at Rs99.50 per litre, the HSD Rs119.31 per litre, kerosene oil Rs87.70 per litre and the LDO Rs80.91 per litre. If it is, go ahead and increase more. @John/ USA, This is rip-off, Even at $38 or $39 per bbl. oil, oil companies are still running into the problem of room to store the production, Pakistani government still has leverage when buying oil from countries Either the oil companies have to slow down the production, or sell it at a cheaper price, one thing no one wants to do, slow down the production, The increase is by 34.32% and not 25.6% as reported in the news item(24.58 divided by 74.52 multiplied by 100). Imran Khan, please have mercy on people who voted for you. State is in the state of chaos. However, the sales of petrol had dropped in recent weeks due to the coronavirus lockdown. Inline with Historical prices compared to the price in US. Pak Govt should have filled up every possible oil tank when the price was dirt cheap. First they said they can’t reduce prices because declining prices in current month will be passed on after two months while now they increase the prices not only simultaneously but also far more than the actual increase in international prices. It is justifying what is indefensible. Until January last year, the government was charging 0.5pc GST on LDO, 2pc on kerosene, 8pc on petrol and 13pc on HSD. The price of petrol (motor spirit) has been raised by a whopping Rs25.58 to Rs100.10 per litre from the existing Rs74.52, an increase of 25.6 per cent, according to ⦠Now petrol pump will open atleast, Pak gas is cheaper than its brothers Congo and Chad. I strongly believe these oil companies refused to cut their profits. Petrol retails at â¹ 98.36 per litre, while diesel is sold at â¹ 89.75 per litre. Taxes account for the majority of the price difference. To get full access, contact our membership team. . The government will not allow others to increase prices of goods because the government itself has the monopoly to increase prices. As on June 2017, Petrol prices in India are revised daily, and this is called the dynamic fuel price method. Should resign immediately and let's some competent persons run it. By: Sajid on 09-02-2021 Here too prices have gone up and OMC are making good profit. Today's Petrol price in Panjim is â¹ 90.34 per litre. Who is being made fooled by such idiotic calculations?. Petrol, diesel and kerosene prices are in rupees per litre, while LPG prices are per cylinder. Menon, Gurgaon. Trends and prices keep changing from time to time; you may be surprised ⦠is 13 out of 38 in Asia, 20 out of 42 in Africa, 13 out of 23 in North America, 2 out of 12 in South America and 3 out of Venezuela has the cheapest price, just $0.02 per liter, followed by Iran ($0.06). Oil cartel has won. Pakistan is a very rich country in gas, petrol and in the minerals and we must move forward to explore possibilities as fast as we can without any fear of any one in the world. Average petrol sales are touching 700,000 tonnes per month against the monthly consumption of around 600,000 tonnes of diesel. On June 27-6-2020 this novel reported that costs for July will probably rise. The overall performance of both the fuel witnessed an inclining trend during the month wherein the incline in the performance of petrol was 1.57% and that of diesel was 2.78%. It is new normal. Even developed countries Seriously everyone in Pakistan doing businesses on behalf of these political rascal which are the real enemies of pakistan who just shouted when they need budget in Sindh otherwise they are busy in buying properties. But unlike the negligence and corruption within the GOP, however efficient management of fuel in USA benefits consumers and the economy unlike Pakistan. Since when the prices of oil have increased in the international market by 25%? Adding 17 pc GST, it becomes 51.77. THE initial realisation that Cyclone Tauktae was headed for the Sindh coast prompted the powers that be in the... 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Gasoline prices, liter, 10-May-2021. In a circular dated May 31st, as seen by Nairametrics, the downstream regulator said oil marketers are now expected to sell petrol within the price range of ⦠During the period when petrol prices were slashed down in international market, the poor people could not get any relief due to the cartel of oil companies which withheld the supply of petrol and created artificial short supply of petrol from their storage tanks. I can't believe this government lying to it's people. I am not a fan of IK but in all fairness; Oil prices are on a Yo-Yo across the world with large fluctuations in countries where open market governs prices & it is not surprising that the Pakistan government has no choice but to increase prices. Most incompetent government in the history of Pakistan. it is much cheaper in Pakistan than india at 1.05 Dollar for one litre. @Sheraz Ali, not true...i live in canada and price are up here as well, Pakistanis seem to have deep pockets. Among the top ten cheapest, five In contrast to this practice, the revised prices were announced today on the same day they went into effect, taking many consumers by surprise. No business can sustain itself with this kind of price fluctuations. What is the official petrol price per-litre for June 2020 in South Africa? The government on Friday increased the prices of all petroleum products by up to nearly Rs26 to share the impact of rising international prices with the consumers. I do not see such a big jump in the oil prices in international market. Well its seems like the petroleum companies get the things which they just want that's why they create fake crisis of Petrol for the peoples of Pakistan at the time of shortage which they created for the peoples on pumps.
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