Email a copy of 'Pakistan Petrol Patrol: How Do Our Petrol Prices Compare to Rest of World?' to a friend
Loading ... Loading ...
Dear Readers,
While All Things Pakistan has remained alive and online, it has been dormant since June 11, 2011 - when, on the blog's 5th anniversary, we decided that it was time to move on. We have been heartened by your messages and the fact that a steady traffic has continued to enjoy the archived content on ATP. While the blog itself will remain dormant, we are now beginning to add occasional (but infrequent) new material by the original authors of the blog, mostly to archive what they may now publish elsewhere. We will also be updating older posts to make sure that new readers who stumble onto this site still find it useful.
We hope you will continue to find ATP a useful venue to reflect upon and express your Pakistaniat. - Editors
Pakistaniat
Poetry
Places
People
11-06-2011
scanning through these views one is reminded how close we have been to each others
lets be good neighbours& be benevolent to the associates
with regards ‘
sham sunder azad
A forum post I recently read said:
If you go to oil-price.net, you will see that the price of crude oil is between $113 and $126 a barrel today (one barrel is about 158 liters, so means $0.78/liter approx). Mouse over the “1y” figure to see the rise. Going up since June last year. If you look at 52 week value in table below chart, you will see that lowest point in past year was $66.
So, crude oil went from low of $66 to $113 now. 100 * (113 – 66) / 66 = 77% in one year.
Now look at local prices. I found this article from June 2010 which says petrol price was lowered to Rs 67.95 in June 2010 (maybe the price was even lower last year but I don’t remember). Today the price is approx Rs 88.41. 100 * (88.41 – 67.95) / 67.95 = 30%
Crude oil: up 77%
Local petrol: up 30% same period.
Going back to crude oil: $0.78/liter (about Rs 65/liter). You cannot put crude oil in your car, you have to process it at refinery. I don’t know how much that costs. Plus you also have to add transportation of crude oil to refinery, distribution of petrol or diesel from refinery to petrol station, etc. We are closer to Middle East than Europe or US so transportation is cheaper, and maybe we get subsidy for oil from Arab governments (but not Saudi I think they stopped when Zardari became President).
And, then there are taxes. We all like to blame government for taxes, but petrol taxes pay for things like road maintenance especially motorways.
You guys were on to something, were you not? About the prices rising again. Happy now. Its getting closer to world prices!
We are an affluent people.Just visit any Petrol or CNG refueling pump and you will understand what I am trying to say. Life is good!!!!