It is outrageous to jack up the prices of petroleum products in present times of rampant inflation. But under the new price structure petrol is dearer by 48 paisa per litre; high speed diesel by Rs 4.79 and kerosene oil by Rs 3.48. The prices instead should have been lowered to ease the public burden. What is alarming is that this raise has yet again been enforced to cover governments revenue losses. The raise in petroleum products registers an impact on all spheres of life by triggering a general price hike. Transporters raise their fares, while the cost of everyday food items goes up astronomically. There have been frequent raises ever since the PPP-led setup assumed charge playing havoc with economy and taking bread out of the mouth of the common man. Public anger has reached a boiling point given the nagging loadshedding, inflation and lawlessness. And with such frequent raises, cries of loot and plunder by the leadership unconcerned with the plight of the country go up. It is shameful that at the same time it has failed to cut down on needless expenditure. In its Monetary Policy Decision, the State Bank has warned that the economy is now up against new dangers and that the governments unchecked borrowing will only further shoot up the inflationary spiral. It is shocking to learn that to fill its budgetary deficit, the government borrowed Rs 317 billion from the central bank in a short span of four months. The huge perks that government functionaries are enjoying amount to a veritable pilferage of the state resources. Though Prime Minister Gilani promised to cut down government spending, sadly, each passing day sees a further increase in the governments wasteful expenditure. The situation has assumed horrific proportions because of corruption and misappropriation of funds from the national kitty. Now over three years, there should be no doubt that the option of seeking aid from the IMF and in return acting on its diktat are disastrous. In this point in time, with the peoples patience wearing thin, the government needs to take back the decision and instead reduce the prices in line with the decline in crude rates in the international market. The energy crisis owing to CNG holidays may turn out to be the last straw that broke the camels back.