Again, without deliberating the upshots, Government of Pakistan strike down our nation as Oil and Gas Regulatory Authority (Ogra) announced an increase in prices of petroleum products on Sunday Oct 31, 2010 by a massive Rs4.27 to Rs7.11 per litre with immediate effect to countervail impact of the rise in oil prices in the international market. It will be in effect instantly from Nov 01, 2010 midnight.
At this point, when our country is already addressing severe poverty issues, this enactment of government is totally insensitive. The only individuals who will be benefited are the dealers and oil marketing companies whose profit have increased by 111 per cent and our government as the rate of GST being collected has climbed up to 9 percent. while overall the GST at 16 per cent results in windfall revenue to the government.
I have not seen any political parties elevating this issue except MQM who strongly condemned this soulless step of Government and demand to revert this increment on urgent basis. I value and apprise the policies of MQM which connect them with the common man of Pakistan. Our country's indigence calls for a savior who can touch base with us, the "commoners" of our country.
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