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Petroleum And Products: The Economics Behind Taxes

Petroleum and products: The economics behind taxes

It is extremely unfortunate that government after government endorses the seriously flawed tax system in the country irrespective of its commitments when in opposition; and cites higher tax collections as…

Prices of POL products

New petroleum prices have been announced; there is no big increase in prices of Petrol and HSD. However, the International Monetary Fund (IMF) agreement requires a Rs 10 increase in…

Petroleum price conundrum

A visibly agitated Finance Minister Miftah Ismail gave one press conference, addressed the All Parties Economic Recovery Conference and was a guest in at least five talk shows on Tuesday…

Petroleum prices: an analysis

From August 1, the GoP (government of Pakistan) has reduced gasoline’s price by Rs 3.05 to Rs 227.19/litre. However, diesel’s price been increased by Rs 8.95/litre with the new price…

The buck must stop with petroleum division

The country is facing a severe balance of payment crisis. With drying external sources to reroll maturing debt, it is of utmost importance to preserve the remaining reserves. That must…

POL products: massive price rise

The federal budget for next fiscal year is yet to be passed by parliament and rumblings against the government are loud and clear. Unlike previous years, it is not the…

Unjust Fixation Of Petroleum Prices

Unjust fixation of petroleum prices

On February 1, 2016, Pakistanis were expecting a reduction of at least Rs 15 per litre in petrol's price as Arab Light Crude Oil reached a new low in the…

Rising energy prices: adverse impact on masses

In Pakistan, 64 percent of total energy demand is met by fossil fuels, while hydropower’s and renewables’ share remained at 27 percent and 9 percent, respectively, in 2022-23. The fossil…

Moral suasion isn’t the answer

Whenever the economy is up the creek, as at present, messages start doing the rounds that if each Pakistani shuns foreign products and buys only locally made goods for at…