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This was very interesting. I agree completely with the analysis. We are indeed a nation which is totally ignorant abt its rights, and afraid to acquire or use the knoweldge which is freely available.
From the govt point of view, all I can say is that this difference in petrol prices and their cost is due to taxes, and if we reduce the petrol price, the govt. will have to increase taxes elsewhere. What this means is that the purchasing power of ppl will get reduced anyway either by paying more taxes or by paying more for the fuel.
Both these approaches affect the population differently. While increased income taxes may not seemingly affect the poor segments of the society (while the increased fuel prices seem to do just that), the higher taxes will invariably filter down to poor as well. These are concepts of simple economics.
If a country is financially poor, as Pakistan is, and is managed even more poorly, which unfortunately we are, then these are the sort of bitter pills we have to take every now and then.
This is a payment by the whole nation for being unable to provide good leadership to this country in its 53 years of existence!
i totally disagree!
this prob of increase in Oil prices is same in most countries..if u remember..just a few monthz ago they had all these strikez and bolckades in europe. same thing happened in USA and canada..prices are a bit low since then but are still relatively high..this thing is a worldwide issaue and problem..our ppl are impatient and they don’t let go any chance of criticizing pakistan..
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Whatever limits us we call fate!
Whatever we can’t change we call destiny!
The question is not the increase in oil prices. The question is disparity between crude oil prices and the price for which petrol is available in the filling stations. This difference is bcz of taxes. Some countries charge a higher tax, and Pak is in that category, where taxes on POL products are one of the highest in the world. This is bcz the govt treats petrol prices as another tool for revenue growth.
Shortly, when KSA plans to reduce the output, the intl price of crude will come under further strain. It will be interesting to note how much prices will be increased at that time on that pretext.