Is petrol price and shortage going to increase in july-2020?

As the month of june-2020 going to an end, and whisper has been start among the people that will petrol price and shortage in pakistan same in july-2020?

Due to increase in oil prices in international market, fuel price in Pakistan from july-2020 will increase. There is 100% increase in crude oil prices in international market from the last month two month. two months before it was trading at $19.9 and currently it is trading at $40 per barrel.Experts make prediction that increase in fuel price will be between Rs 5 per ltr to Rs 8 per Ltr.

Oil Shortage in Lahore Pakistan

There is still shortage of oil in Lahore and large queues seen at petrol Pumps and they were giving fuel of amount maximum Rs 500, and many pumps are closed due to not availability of fuel supply.

Petroleum product dealers saying that there is a chance of further shortage of oil from next month due to increase in oil price and it will get worse if authority fail to take any action against oil marketing companies.

According to petroleum dealer association of Pakistan secretary general Khawaja atif said Lahore is getting 40% fuel supply and large portion of it providing by PSO. (express tribune)

Impact on transport industry

Three factors, shortage of supply, increase in fuel price and covid-19 put a large impact on fares of public and private transport. This increasing in transportation cost of goods and services will lead to increase the prices of goods and service in the economy that’s result will increase inflation rate in the economy.

How to disinfect car from corona virus?

Wash your hand for 20 seconds, use sanitizer, wear a mask, wear gloves and avoid social gathering are the safety tips which everyone need to follow. Coronavirus live on a surface up to two to three day, at some surface like cloth it takes 6 Hours, so we can disinfect surface by home detergent, sweeps, Finix liquid product.

If someone use your car who has symptoms of COVID-19 or you take rent a car for your essential travel from car rental company, or someone sit on your car having symptoms of COVID-19, in mentioned all cases you need to disinfect car from corona virus and clean your car before using it.

When you are going to clean and sanitize your car wear gloves, mask, uniform and don’t touch your mouth until you completely disinfect car from corona virus and wash your hands. We list down following point and follow these steps for your car cleaning and sanitize car.

  • Remove all plastic mats and carpet mat from car and wash them with shampoo or use detergent and dry them under sunshine, it the first step of sanitize car
  • Open all doors of your car during cleaning and disinfecting car from corona virus.
  • Don’t us bleach and other chemicals for your car interior disinfection because that chemicals can damage your interior body. When you select any chemical for disinfect car from corona virus read carefully its terms and surface where it can be used.
  •  You can Use warm sopy water or home detergent for your car interior like seats, car steering, are, Consul and avoid to use excess water while you disinfecting car interior.
  • Clean and disinfect commonly touching places like seats, vehicle interior and exterior handle, frond dash board, steering wheel, gear box, consul, seat belts, media player, wiper handel, all buttons, arm rest, air controller.
  • For glass and electronic product like media touch screen, Window glasses, use alcohol based spray containing alcohol atlases 75%. And dry them with tissue paper to avoid rashes on glass surface. According to Centers for diseases control and prevention (CDC) liquid having alcohol at least 70% is effective to disinfect corona virus. 
  • Change vehicle AC Filter and change your personal car AC Filter ate least once in a month.
  • Make sure you properly clean and disinfect car key when you receive it from other person.
  • When you satisfied all surface is properly clean and sanitize your car, remove your mask and gloves and destroy them properly and wash your hand with sop at least 20 seconds or use sanitizer. if you not use uniform change your cloths and take a bath before you meet your family or anyone.

When you book your cab with chauffeur from rent a car company make sure car rental company ensure you that they are sending you car after disinfection and proper cleaning. You can ask car rental company to send pics and videos of their vehicles disinfection system. Askari rent a car Lahore sanitize their cars and clean and disinfect after every trip to provide safe travel to their customers.

what documents need to check before buying a car

People hesitate to buy old car due to not having knowledge about what documents need to check before buying a car, that is local manufactured or imported car. In this article we mentioned some documents need to check before spending your huge money to buy new or old car.

  1. Documents need to check for new car

We categorized new car into two categories

1) Local Manufactured car

In case of local manufactured new car you will have a question what documents nee to check before buying a car, you need to check Purchase Invoice and verify chasee number with vehicle, Sale certificate, CNIC of person of whom name sale invoice was generated and check expiry date of CNIC Number and make sure the name at CINC match with name at sale invoice. You required to submit these documents along with your CNIC Copy to excise and taxation office for registration. If you submit these documents in Islamabad the authority will issue you only card and will not handover other documents to you. If your registered vehicle in another province they will issue you card or copy and will return you original documents which you submitted.

2) Imported vehicle

When you purchase imported card you need to check following documents in detail

  1. Passport Copy: Check the passport copy of purchaser with its name and expiry date
  2. Bill of Lading: Bill of lading is a document issued by a carrier to shipper, in this bill carrier mention detail of goods along with its destination to deliver. You should to check Name of Consignee in this document and it should match with the name at passport, vehicle chasee number on all pages and these should match with vehicle.
  3. Goods Declaration (GD): In goods declaration document check the origin of car, check the name of consignee and it should match with bill of lading and passport, check the chasee number and verify with mentioned chasee number at bill of lading and the last thing to check is vehicle registration number in foreign country
  4. Export certificate: Check the chasee number of vehicle and make sure that it matches with chasee number at other documents (GD,Bill of Lading)

2) Documents to Check for Old Car

For buying old car you need to check following documents

  1. Vehicle Number: Take the original number plates
  2. Vehicle Token: Make sure token has been paid up to date and an there is not any outstanding token
  3. Original Book/Card: Check vehicle original book/Card and check chasee number and it should match with vehicle and should match with (BL,GD, Export certificate) if you buy imported old car. Make sure the name of owner should match with CNIC Number of owner
  4. CNIC of Owner: Check the CNIC of owner and check Name of owner which should match with other documents and check Expiry of CNIC Number
  5. Previous Transfer letter:  the car which you are going to buy was previously at the name of another person then you need to check Transfer letter and receipt. Transfer receipt is the assurance of the successful transfer of vehicle to the current owner. Take the CNIC Copy of first owner and not buy car at open transfer letter
  6. NOC From bank: if you are going to buy a lease you need to check NOC and check vehicle chasee number and name of current owner

Toyota Yaris New Price

As the Toyota Launched its new car Toyota Yaris and start booking, they revise its price within a month and issue new rate list of its new launched product toyta yaris and issue Toyota yaris new price. The reason behind this major increase in price is “Increase in dollar rate and devaluation of Pak rupee”. Toyota not only revise prices of Toyota yaris, it also increases price of all its product range.

Toyota Increase Prices of its product range between 100,000 to 550000 depending of the nature of vehicle. The basic variant of Toyota Yaris 1.3 L Manual now is available at 2,469,000(Ex-Factory price) after 120,000 increase in price.

The full option variant Toyota Yaris 1.5 ATIV now available at 2,959,000(Ex-Factory Price) after 150,000 increase in price.

Vehicle TypeEx-Factory PriceEx Factory Price
Toyota YarisOld PriceNew Price
1.3 GLI MT        2,349,000.00            2,469,000.00
1.3 GLI CVT        2,519,000.00            2,649,000.00
1.3 ATIV MT        2,449,000.00            2,579,000.00
1.3 ATIV CVT        2,599,000.00            2,729,000.00
1.5 ATIV X MT        2,649,000.00            2,789,000.00
1.5 ATIV X CT        2,809,000.00            2,959,000.00

Vehicles prices in Pakistan has direct relation with dollar rate, it is evident from last 2 years Toyota increase its corolla GLI Price by 7 to 08 lack.

Currently there is uncertainty exist in economy due to Covd-19, and we there is a risk of vehicles price un stability in next two years.

This increase in price create a negative impact on vehicle sales. Following is unit sale report of Toyota

Mar-19 Unit Sold Feb-20 Unit Sold Mar-20 Unit Sold
4741 3715 2089

Toyota Corolla is one of the major vehicle which use by rent a car companies to provide car rent service. Car rental companies chose Toyota corolla for car rent service due to this vehicle reliability. This continues increase in vehicle prices increase capital cost of car rental companies of which result is decrease in ROI, this continues increase has one business opportunity of larch scale car rental companies that it creates entry barrier.