We are all so happy that since last three months petrol prices are reducing and its been record reduction ever, my curiosity got the better of me so I did a comparison of our prices with international petroleum prices and here's what I found.
Now if you look at the above data, clearly the petroleum prices reduction in international Market was 41.60% where in Pakistan we only received benefit of 25.16% which is a little more than half, now lets take a look at how the prices could have been had our government passed us complete benefit of Petroleum prices reduction.
So while we are extremely happy that Petrol has gone down to Rs.78.28 from its previous price of Rs.103.62, if our government wants they can actually bring it down to Rs.60.52. Now if the prices had increased then I'm sure we would have gotten increase of same or higher percentage.
Just One Man's Opinion
OA
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