New POL price hike rejected

Saturday, August 04, 2012 - Multan—The recent surge in petroleum price has drawn a sharp reaction from traders, transporters, business community and general public, who vehemently rejected the increase and termed it anti-people during the holy month of Ramazan.

The common man had facing immense troubles in earning two-time meal for his family in this era whereas the government was sucking blood of the poor by increasing the prices of petroleum products, said a large number of people belonging to various walks in Multan.

The business community in the city also condemned the government’s decision to swell the prices of oil products, as according to them, it would have worst effects on the overall economy and hit industrial and agricultural sectors badly. The businessmen said the government had unnecessarily jacked up the petroleum prices and this would further accelerate the inflation during Ramazan.

Multan Chamber of Commerce and Industry (MCCI) President Mian Anis A Sheikh rejected the increase in petroleum prices and said that despite the decrease of 1.11 dollars in international market the government decision was unjustified.