Billionaire Mittal Pushes Pakistan Detente With Refinery

[Amal]

Re: Billionaire Mittal Pushes Pakistan Detente With Refinery

@Silaaj

Brings me back to my previous argument.
Petrol is selling in India at $1.48. If the waivers and other variables that you mentioned allow the price for Mittal to come down to $1.19 or even lower, just so that he can sell it to Pakistan at a cheaper rate, in order to keep his sell price at par with what Pakistanis are currently paying, then would that go down well with Indians?

Actually tax/levies come into effect when you sell a product in India. So if you make a product and sell it abroad, you can avoid tax/levies, whether ‘junta’ likes it or not, but that’s a worldwide business rule.

But there is another point, if the oil is sold in Pakistan, local tax/levies would apply on Mittal’s oil and the price will go up, maybe as close to as what you mentioned. So effectively, we are back to square one of $1.48.

Now if Pakistan waive tax/levies on Mittal’s oil, it may not go well with local businesses and people as well. This is again an issue.

But at the end, I don’t think a businessman like Mittal will start a lose-making venture. There must be something for him to take home.