ISLAMABAD: The government is likely to reduce the prices of
petroleum products: petrol by Rs 1.50 per litre, and high speed diesel
by Rs 1.00 per litre.
According to Media Reports, it is notable
that this cut is likely to be made only after the decrease in the
international market and is not the outcome of the government’s love
for the masses.
It is also a fact that whenever the oil prices
in the international market go up, our government jacks up the prices
in consonance with these new rates, even though that is not always
advisable for a third world country’s economy like ours. Conversely,
when the rates go down, our government does not lower the prices
accordingly but only makes a nominal decrease.
And also it is a
matter of great shame that the inflation that invariably follows the
raise in the oil prices is not brought down when the prices fall.
Hence,
there is reason to believe that the current decrease prices of
petroleum products: petrol by Rs 1.50 per litre, and high speed diesel
by Rs 1.00 per litre will only serve as a small help to the consumer
and nothing of significance will happen to the prices of the rest of
the goods. Online
