Overview
The incumbent government has not worked to control the rupee value and petrol prices. The continuous high petrol prices will remain on this tract as our reliable source told us. Fuel prices to jump again after completing the ongoing fortnight stay. Pakistan rupee value depreciates against might dollar which has caused high inflation.
Get ready for another wave of fuel prices jump. Petrol rates break all the records of previous. The high inflation breaking the backbone of low-income employees. Pakistan’s economy standing at very low standards right now. Fuel rates are connected with different routine work and it directly affects the transportation charges.
ECC Meeting
Petrol dealers strike to increase margin and closed petrol stations during the strike. According to the information, the Economic Coordination Committee (ECC) has agreed to increase their margin for petrol dealers and Oil Marketing Corporations (OMCs) which will be provided through increasing petrol for innocent citizens.
The decision to raise the margin for dealers has been taken by the Caretaker Finance Minister Shamshad Akhtar during the recent ECC meeting. They have decided to raise the margin by Rs. 3.5 per liter for fuel and diesel. The decision has been saved for 15 September.
The OMCs will have a margin with new rates which will increase the sale margins and cost. The burden of OMCs now shifted to the citizens.
Conclusion
We are expecting no commodity for poor citizens in the upcoming petrol price decision which will happen in just 2 days. The strike of dealers helps them clearly, but can it work the same for poor people? Several times market managements announced strike against the high inflation but there is no change has been seen. The constant increase in petrol prices is not stop even after all these strikes.
