Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz Sharif on Tuesday said party Supreme Leader Nawaz Sharif ‘strongly opposed’ governments decision raise oil prices.
Maryam tweeted that Nawaz went out of meeting after saying that he “can’t even burden people with one more penny” and that “if the government’s hands are tied, then I [Nawaz Sharif]I don’t party to that decision.
میاں صاحب نے اس فیصلے کی سخت مخالفت کی اور یہاں تک کہ دیا کہ میں مزید ایک پیسے کا بوجھ عوام پر نہیں ڈال سکتا اور اگر حکومت کی کوئی مجبوری ہے تو میں اس فیصلے میں شامل نہیں ہوں اور میٹنگ چھوڑ کر چلے گئے۔ https://t.co/McG019GW6Z
— Maryam Nawaz Sharif (@MaryamNSharif) August 15, 2022
In response to a tweet from a journalist who questioned government on in price growth while oil prices fell in in international marketMaryam also distanced itself from decision saying she’s worth with in people’ and ‘can’t support this is decision”.
On Monday night, government increased price of gasoline at 6.72 rubles per liter and reduced what of high speed diesel fuel (HSD) at Rs 0.51 and kerosene at Rs 1.67 per liter from August 16 (today).
Read Nawaz Sharif returns to Pakistan in September, says Javed Lateef
Minister of Finance Miftah Ismail also enthusiastic with a senior journalist on social media taking into account latest to travel on foot.
The exchange has begun with journalist mocking minister for erroneously predicting that prices will not rise. “Why do you always prove wrong? he asked, to which Ismail replied, saying that “we did not even impose one rupee of a new tax on petroleum products.
fluctuations in prices “only due to PSO [Pakistan State Oil] shopping, he added.
میر صاحب ہم نے پٹرولیم مصنوعات پر ایک روپیہ بھی نیا ٹیکس نہیں لگای ا ےی جو قیمتیں بڑی ہیں یا کم ہوئی ہیں صرف پی ایس او کی خرید کے مطابق کم ہوئی ہیں یا بڑی ہیں https://t.co/udphcefybi
— Miftah Ismail (@MiftahIsmail) August 16, 2022
AT senior the journalist replied back with “simple question” asking why government decided to raise prices when they fell in in international market.
Finance minister then proceeded to offer “a short explanation on how oil prices set” in a series of tweets.
“OGRA [Oil and Gas Regulatory Authority] takes the average of Platt prices, adds freight and premium paid by PSO on top of these prices, and multiplies this by the exchange rate. In addition, this also truth up’ previous two weeks cost including Rs paid by the PSO in the actual exchange rate as opposed to the average used to estimate the previous two weeks cost,” he said.
“We are not added Any new tax or fee on price. AT price of gasoline is gone up (and the diesel is gone down) because the cost paid PSO in the previous two weeks have been more how cost according to OGRA and also because the premium paid by the PSO on petrol increased and premium paid on diesel remains unchanged. added Ismail.
1) Brief explanation on how petrol and diesel prices set in Pakistan. OGRA takes the average of Platt prices, adds freight and premium paid by PSO on top of these prices, and multiplies this by the exchange rate. In addition, this also “truth up” previous two weeks cost https://t.co/Nho7dI4vxD
— Miftah Ismail (@MiftahIsmail) August 16, 2022
“Again, don’t one pice of new taxes or fees were added” he repeated.
in the past sharp devaluation of rupee against in dollar It was also was a major factor in determination of oil prices.
