Petrol Price should go down on completion of 100 days of PTI

[JohnSnow]

As Brent crude oil fell $10 per barrel during the last 30 days, I think it is a great news for PTI government.

At the completion of 100 days of this government, Khan should give some relief to consumers and also inform public about how PTI government has lowered taxes on each liter of petrol since taking charge of the government.

Source

 

[Awan S]

Saudia is reducing production from Dec 02 in order to raise the price of crude. I think Saudia don't want WTI below 70 Dollars per barrel. Price of 70 dollar/barrel is the new norm and temporarily it can come down or go further up. If the government want to give relief to people then they have to collect tax from upper middle and high class. When there is not enough money then the government have to impose indirect taxes like raising prices of gas, electricity and petrol which effect all but rich can afford however poor struggle.

 

[Mr Justice]

These are spot prices, but government is relying on futures, also undersigning the risk fluctuation factors, and prices might not change in Pakistan, given the current economic outlook.