Monday, February 6, 2012

Lack of foresight or too much insight?

Last week the Pakistani public experienced yet another blast. But this blast was not the like the typical blast we hear so often. It was one which will cause the entire nation to suffer for times to come because this was the week when petrol prices shook the country.

With petrol prices making a record high of Rs. 94.95 per liter,diesel prices crossing the Rs. 100 mark and a further increase of 10% in the gas cess,Pakistanis are wondering if life can get any worse?

The Petroleum Ministry is never devoid of excuses for increasing the rates. At least last week they had a reasonable excuse- global rise in oil prices and an effort to generate revenue.  Wonder what last month’s rise was intended for? Especially when the prices in the international market had remained stagnant.

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