Kashif Rafiq
Prime Minister (20k+ posts)
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You purchase oil in dollars not rupees from international markets. What was dollar price back in 2008? What is dollar price today? This is what happens when you become an economist over night.If you look at it over past 20 years, the highest international price was in 2008 when PPP was in government. It soared up to $145 per barrel at that time and patrol price per liter in Pakistan was Rs. Rs.108 at that time.
Govt has slashed taxes from 47 percent to mere 17 percent in recent months.During PMLN’s tenure, when Patrol price reached around Rs.90, Asad Umar told us that government was earning a profit of Rs. 45 per liter on Patrol.
Here is a chart and table showing international (crude) oil prices from 1987 to 2021.
Crude Oil Prices - 70 Year Historical Chart
Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.www.macrotrends.net
If you look at it over past 20 years, the highest international price was in 2008 when PPP was in government. It soared up to $145 per barrel at that time and patrol price per liter in Pakistan was Rs. Rs.108 at that time.
Now, international oil price is $83 which is way less than its historical high. Yet, we are getting patrol at Rs. 138. Fact of the matter is that Petroleum products are the single largest source of indirect taxation (revenue) for government of Pakistan. During PMLN’s tenure, when Patrol price reached around Rs.90, Asad Umar told us that government was earning a profit of Rs. 45 per liter on Patrol.
Siberite Kavalier Resilient
He knows what IMF stands for.1 lakh rupaya inaam agar yeh charbi ka drum IMF ka full form bata de
That is not the criteria someone will teach him once he will be selected like IK1 lakh rupaya inaam agar yeh charbi ka drum IMF ka full form bata de
G nahiHe knows what IMF stands for.
IMF = I'm Fuzla ?
Ek to Jahil aur faarigh logon ke dimagh mein har waqt aasi hi bongiyan gardish kerti rehti hai! ? ? ?That is not the criteria someone will teach him once he will be selected like IK
When there is no sensible logical talk then these are the sentences you often come across. No worries.Ek to Jahil aur faarigh logon ke dimagh mein har waqt aasi hi bongiyan gardish kerti rehti hai! ? ? ?
Stfkup doodwalae naaee jhootae mukkar baewakhoof