Stability in rates of petroleum products is very necessary for the progress of any country include Pakistan. But in this part of world the price of petrol increase or decrease under the different governments, one can says that this is not stable at all. There are some reasons of its UN stability around the world especially in Asia. Developing nations especially China and India are the main cause of rising oil prices because they are growing progress rapidly. Their economies have become progressively urbanized and industrialized, so that oil demands increase. Beside this the fear of oil supply disturbance have been motivate for confusion in different oil producing countries. During month of September 2016 Today per litre (liter) price of petrol in Pakistan is here.
It will expect that govt of Pakistan will announce the new rates list, may they will reduce it upto Rs 4.50 on different product. Petrol will be reduced by Rs.2.60, if this will happen then it will available in Rs 63. But its summary is not signed by the officials.
- Current Rate: 64 Rupees
One can say its good luck of PM Nawaz Sharif that after establishment of his government; rates are going down in international market. Although its total benefit is going to peoples but if one compare them with last then it reduce a lot. Most expected during upcoming months it will decrease more.
From last few months its rates are decreasing rapidly that affect the different parts of our economy. It is not only the oil prices increase but also the charges of food hikes as well. The price of shipping articles is increase because it directly effected on transport. Those things which made with this product might be costly due to the hiking.
The other fossil fuels also rise when it will go up, so this thing is very dangerous for the progressive countries. As you know the salaries do not increase with the rising of other things, so that poor people much damage and spend their life in a difficult way. This thing also affect the person who belong to a middle class family, therefore the crime rate grow rapidly. For number of solution its necessary that overall fare will go more down. According to world circumstances this is not difficult to do.