[risj_shr]

It was expected. But the detail on how the increment has been done should be flashed.
Previously NOC had said that it would readjust the price of the Petroleum products according to the International price, but it never happened as it was planned. This time the Price has been increases but no detail on what basis the price has been increased...?
just the reason for increament is NOC couldnot pay to IOC.

Moreover, Reports have come that there is Petroleum scarcity in South Asian region. BBC reports that after a decade there shall be big scarcity of Fuel in Asian region, as INDIA and CHINA are the biggest consumer..
Lets hope some resonable alternatives could come soon..