Petro hike proves Govt’s indifference towards masses

Islamabad: The Pakistan Economy Watch (PEW) on Sunday said recent hike in petroleum and CNG prices despite a slide in the international market shows that government remains indifferent to the plight of masses.

The hike speaks of mismanagement and inefficiency of the part of the government which has failed to raise funds through any other means except upward revisions of fuel prices, it said.The minister for petroleum and natural resources should immediately resign after accepting his repeated failures, said Dr. Murtaza Mughal, President PEW.
The PPP-led coalition has raised petroleum prices by more than 60 per cent since it came to power despite getting almost Rs 40 per litre as levies and sales tax from consumers, he added.