Is this petrol price hike justified?

[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.

[sardarg]

right now the concern is about domestic GAS. the tariff has been shot upto approx. 175% , winters has just knocked. Untimed Gas load shedding is another menace.

schedule moved by the Ministry of Energy was approved by the ECC.

As per schedule, proposed increase in local gas tariff was up to 173 per cent for non-protected domestic consumers, over 136 per cent for commercial, 86 per cent for export, and 117 per cent for the non-export industry.

[dms664]

is there any device in market which can turn on the gas geyser automatically when the gas supply resumes?

[xzap042]

I'm also searching but I haven't found any. New hybrid geysers have different kits

[hasankhurshid29]

We can have remote start geysers I think. If we have electric ignitor in them like the one used in US. We can then control the ignitor with wifi control.

[kameetaha]

After an almost $5 decrease in international market, how the prices should remain the same? Last time in $4 decrease we got an 40 rupees decrease. Experts kindly highlight…

[hasankhurshid29]

OMC margin is increased