AoA! Yesterday i was reading in the newspaper that the Govt is losing 65-70 Billion Rs. revevue on account of Falling fuel prices. while the reality is shown below:
The world oil prices have reduced from 110 USD/barrel to 60 USD/barrel todate i.e a reduction of 45 %.
Sorry the graph couldn't be uploaded here. The source link is http://www.infomine.com/investment/metal-prices/crude-oil/6-month/
In Pakistan
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[TD] Petroleum Prices Archive[/TD]
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[TD="width: 20%"] Date[/TD]
[TD] HOBC[/TD]
[TD] Premium[/TD]
[TD] HS Diesel[/TD]
[TD] LS Diesel[/TD]
[TD] Kerosene[/TD]
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[TD] Dec 01, 2014 [/TD]
[TD] Rs.106.27/Ltr[/TD]
[TD] Rs.84.53/Ltr[/TD]
[TD] Rs.94.09/Ltr[/TD]
[TD] Rs.77.98/Ltr[/TD]
[TD] Rs.83.18/Ltr[/TD]
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[TD] Nov 01, 2014 [/TD]
[TD] Rs.116.45/Ltr[/TD]
[TD] Rs.94.19/Ltr[/TD]
[TD] Rs.101.21/Ltr[/TD]
[TD] Rs.83.42/Ltr[/TD]
[TD] Rs.87.52/Ltr[/TD]
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[TD] Oct 01, 2014 [/TD]
[TD] Rs.131.13/Ltr[/TD]
[TD] Rs.103.62/Ltr[/TD]
[TD] Rs.107.39/Ltr[/TD]
[TD] Rs.91.46/Ltr[/TD]
[TD] Rs.95.6/Ltr[/TD]
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[TD] Sep 01, 2014 [/TD]
[TD] Rs.129.64/Ltr[/TD]
[TD] Rs.106.56/Ltr[/TD]
[TD] Rs.108.34/Ltr[/TD]
[TD] Rs.92.08/Ltr[/TD]
[TD] Rs.97.05/Ltr[/TD]
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[TD] May 01, 2014 [/TD]
[TD] Rs.131.26/Ltr[/TD]
[TD] Rs.107.97/Ltr[/TD]
[TD] Rs.109.34/Ltr[/TD]
[TD] Rs.94.13/Ltr[/TD]
[TD] Rs.98.07/Ltr[/TD]
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[TD] Apr 01, 2014 [/TD]
[TD] Rs.136.57/Ltr[/TD]
[TD] Rs.108.31/Ltr[/TD]
[TD] Rs.113.85/Ltr[/TD]
[TD] Rs.95.06/Ltr[/TD]
[TD] Rs.101.15/Ltr[/TD]
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[TD] Mar 01, 2014 [/TD]
[TD] Rs.137.73/Ltr[/TD]
[TD] Rs.110.03/Ltr[/TD]
[TD] Rs.116.75/Ltr[/TD]
[TD] Rs.101.24/Ltr[/TD]
[TD] Rs.108/Ltr[/TD]
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In Pakistan in last six months Petrol prices have decreased from Rs.108 to Rs.85= Reduction of Rs.23 i.e 21 %. So What about the difference of (45-21) %= 24 %
source: Petrol Prices in Pakistan - Current Fuel Petroleum & Diesel Price in Pakistan
Will any economic expert guide us what's the reality as apparently it looks that govt is earning sufficient revenue from the oil prices. Regards