Is this petrol price hike justified?

[hasankhurshid29]

Yeah I got that

[StoneCold316]

and again price is going to increase 1 Oct i guess.. it could be 350 rs.... bcz saudia is Cutting the production

and Russia banned the Export of the oil i Heard indefinitely

[capsat]

Oil prices fall as economic outlook outweighs tight supply

[hasankhurshid29]

I think this time it will decrease as rupees becomes stronger and I think international price is also down

[Xulfiqar]

I think this time it will decrease as rupees becomes stronger

can I have what you are having?

[hasankhurshid29]

Rupees is gaining each day against dollar.

[Xulfiqar]

Oh my!

Such a massively powerful currency.. 🤣🤣🤣

2 units out of 300 is considered dirt when speaking of exchange rates.

[ZainMahdi]

Rupee will devalue in the long run unless we magically increase our foreign income somehow. Our exports and remittances have been declining for a long time now.

No amount of "danda" will change the reality of the principles of macroeconomics.

[asgharpwr]

Right!

[hasankhurshid29]

Alhamdulilah

[pwuser162557941033]

The only way this "press release" could have been improved is if they tore a page out of a telephone book and wrote on it with pencil.

GOVNORMENT OF PAKISTAN
FINANCE DEVISION
asterisk asterisk asterisk asterisk
Existing Prices w.e.f 1.10.2023 (???)

Give me a break, lol

2 units out of 300 is considered dirt when speaking of exchange rates.

Listen here, petrol's gone down 8 units. This is serious business now.

[hasankhurshid29]

[StoneCold316]

can you define whts is levy ?

if there is not GST

[hasankhurshid29]

I think it is similar to tax to generate more revenue in light of IMF recommendations or maybe directions

[hasankhurshid29]

Petrol price down by 40 rupees primarily due to PKR getting stronger
Even the brent crude oil prices (yellow dotted line) didn't go down

[sardarg]

https://www.dawn.com/news/1781362/big-drop-in-fuel-rates-a-silver-lining-for-inflation-hit-masses

[dms664]

350 prediction guys mark your P here and explain your feelings for the info of the august forum

[StoneCold316]

what do you mean by that.

[hasankhurshid29]

He means that the members who were predicting that petrol will cross 350, where are those?

[StoneCold316]

k lets c.