Regional petrol prices and Pakistan

[Imran Khan]

posted by imran khan's official FB page
By keeping levy to lowest possible (Rs4.80), Pakistan is offering competitive petrol prices to the consumers.
Here's the regional comparison of petrol prices :

 

[Goenitz]

The govt is losing precious taxation good, after electricity.
I hope, this would produce more economic activity that out-shadow what can govt get from taxes.

 

[Patriot forever]

posted by imran khan's official FB page
By keeping levy to lowest possible (Rs4.80), Pakistan is offering competitive petrol prices to the consumers.
Here's the regional comparison of petrol prices :


View attachment 753609

Bro petrol prices are going to go up, brent crossed $73 arab light is $72.
There is no more room to hold onto this price for more than 15 days keeping in view the trend in international market. Expect petrol prices to increase by upto Rs 15-20 if oil crosses $80.
Though the slide shared will be the same as prices will increase in other countries aswell (maybe even more).

 

[hydrabadi_arab]

Increase prices! We all know end result of such policies. Govt end up going to IMF who then force Pakistan to double the price of all products.

 

[El Sidd]

Does that mean 205INR equals 108PKR?

 

[313ghazi]

We have to consider how much that is relative to the average income of each country. I suspect a Chinese worker can afford 1 litre of petrol easier than a Pakistani worker can. I just paid 285rs for a litre of Diesel in the UK, but it makes no difference to me, I earn a lot more than that, most people do.

The truth is that Pakistan can only do so much to keep fuel cheap, in reality Pakistan must evolve to survive without fossil fuels. We can only do this through renewable energy.

We need a massive national shift to solar, tidal, hydro and wind power for our domestic, commercial and industrial use. We need to even use electric stoves rather than gas stoves. We need electrified mass public transport.

Gas/coal/Oil should be last resorts for our energy, not the first port of call.

 

[Akatosh]

posted by imran khan's official FB page
By keeping levy to lowest possible (Rs4.80), Pakistan is offering competitive petrol prices to the consumers.
Here's the regional comparison of petrol prices :


View attachment 753609

India's prices are the best.
Indian govt is set to earn nearly $50 billion from tax on petrol/diesel in 2021 (more than revenue of Pakistan and Bangladesh governments).

 

[Waterboy]

We have to consider how much that is relative to the average income of each country. I suspect a Chinese worker can afford 1 litre of petrol easier than a Pakistani worker can. I just paid 285rs for a litre of Diesel in the UK, but it makes no difference to me, I earn a lot more than that, most people do.

The truth is that Pakistan can only do so much to keep fuel cheap, in reality Pakistan must evolve to survive without fossil fuels. We can only do this through renewable energy.

We need a massive national shift to solar, tidal, hydro and wind power for our domestic, commercial and industrial use. We need to even use electric stoves rather than gas stoves. We need electrified mass public transport.

Gas/coal/Oil should be last resorts for our energy, not the first port of call.

Exactly. Correlate with per capita income and you'll see its more affordable in other countries.

 

[VCheng]

By keeping levy to lowest possible (Rs4.80), Pakistan is offering competitive petrol prices to the consumers.

This means there is room to increase the price and collect more revenue. Clearly.

 

[RealNapster]

This means there is room to increase the price and collect more revenue. Clearly.

Damned if you do, damned if you don't.
..

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Petrol prices should be around 115 PKR / litre. This way it won't be too much expensive as well as will ensure some tax benefits to government.

 

[313ghazi]

Damned if you do, damned if you don't.
..

.
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Petrol prices should be around 115 PKR / litre. This way it won't be too much expensive as well as will ensure some tax benefits to government.

TBH the income from fuel tax won't go as far politically, as keeping the fuel pricers lower will. Increasing fuel prices increases the costs of all consumer goods, travel/transport - it's deeply unpopular with the electorate.

As long as we're not using tax payer money to subsidise it, i think there is more political mileage to be had from cheaper fuel as it lowers cost of living and also helps industry by reducing the costs of manufacturing goods or delivering services.

 

[VCheng]

Damned if you do, damned if you don't.
..

.
.
Petrol prices should be around 115 PKR / litre. This way it won't be too much expensive as well as will ensure some tax benefits to government.

The key is to raise them gradually, and not decrease them when crude oil prices fall. The market will adapt, and the increased revenue will help the government balance its books better.

 

[Riz]

Does that mean 205INR equals 108PKR?

Yes 1 INR equals to 0.67 Japani YEN so india is better then japan according to patwaris

 

[313ghazi]

The key is to raise them gradually, and not decrease them when crude oil prices fall. The market will adapt, and the increased revenue will help the government balance its books better.

This is what they do it in the UK. Prices go up by a penny at a time - they never seem to come down, only when there is a big reduction in oil prices is it passed onto the consumer, usually by a supermarket trying to drag in customers.

 

[VCheng]

This is what they do it in the UK. Prices go up by a penny at a time - they never seem to come down, only when there is a big reduction in oil prices is it passed onto the consumer, usually by a supermarket trying to drag in customers.

Quite a good strategy, isn't it?

OGRA Proposes Rs4.20 Increase in Petrol Price - PakWheels Blog

Oil and Gas Regulatory Authorty has sought an increased of Rs4.20 per liter hike in petrol price, for the next fortnight of June.

www.pakwheels.com