Announcement

Collapse
No announcement yet.

Fuel Prices

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Brute
    replied
    In accord with the above statement, yes any government needs revenue no matter what mode of it. A little factor here is that all the taxes that are generated are borne by white collared salaried persons having a limited means of revenue, and now thier buying power has gone down the hole. (dollar - rupee parity)

    While the industrialist business class pay only a meagre amount of the taxes. The same is in every budget report. To be noted is the fact that self owned businesses are on the large in Pakistan.

    All in all the poor are getting poorer by the day and vice versa for the contrast.

    Leave a comment:


  • Pristine
    replied
    This is naive to think that if the government lowers the taxes on gasoline then all problems will be solved.

    It is elementary economics. The government needs revenue. Either they will levy direct taxes or indirect taxes to earn that revenue. Taxing gasoline is just another way of generating revenues. The taxes on gasoline go into the same pool of resources, which take care of all the expenses of your country, like police, army, foreign and local debt, the whole administration and development projects.

    If you ask the government to reduce the taxes on gasoline, they will just have to increase it elsewhere. Probably your income tax, or customs duty or somewhere. With tax on gasoline, those who use more pay more.

    So, at the end of the day, its you, the people of Pakistan, who have to pay it. You can look at it from any angle, the end result is the same. You have to pay money to the government. Either get it deducted from your paycheck, or give it to the petrol-pump wala.



    [This message has been edited by Pristine (edited August 17, 2001).]

    Leave a comment:


  • Brute
    replied
    The factor that has to seen here is that the dollar rupee parity is in shambles and is going downhill all the way, as usual any oil company trades in oil futures till it floats to its expiry, then actual delivery. Same as you said.

    I compare it to any country than those of Europe, The taxes here are also really big on oil, any slight price increase and we see that pump price is going in equivalence to the news.

    LPG as mentioned has proven to be more harmful and dangerous to the environment, while CNG has to some extent less effect on this . The basic cause of pollution is unburnt hydrocarbons being released into the atmosphere at an extreme temperature. More dangerous is the civic mode of it. Most of the cylinders installed here are substandard and do not have quality certifications - any slight car impact can translate to a disastrous explosion

    Apart from this "the antipollution drive" that was seen a few years ago resulted in a big joke in the eyes of the society of Automotive Engineers. SAE. The silly fact was the ministry of petroleum annouced that even auto-rickshaws and diesel powered buses and trucks should be run on compressed natural gas (CNG) in a two stroke engine in which the transfer ports and piston act as a whole engine burning a rather dirty mixture along with some oil in it. (used in auto-rickshaws) burnt gases escape the exhaust port with a little unburnt stuff. This is to some extent compensated by the natural cooling effect of petroleum resulting in condensation and a little is pulled back by the evacuation stroke.

    As to diesel powered vehicles these - run on extreme high compression and crack ignition. any slightest use of CNG in these result in explosive disaster.

    Funny isnt it, I even could not stop laughing that it was actually in the press.

    Also to add is that the price of CNG is nearly reaching parity with regular pump gasoline. (taxes - taxes and more taxes)

    ------------------
    And my heart throbbed with an exquisite bliss

    Leave a comment:


  • CoolDude
    replied
    The way the international crude oil market works is to 'block buy' crude oil in advance of about 2-3months or so. This gives the Petroleum companies time to forecast and adjust their priced accordingly. Over here in the UK, we have some of the highest petrol prices in the world (80 pence per litre). Most of the this is due to governemnt tax - the petroleum companies make about 2 pence for every litre they sell. When the price of crude goes up, they are very quick to raise pump prices. When the price goes down they are very reluctant and reduce prices very slowly.

    What we need in the rest of the world is to have a system like the US. The price of fuel is a very strong political issue and any politician would be a fool not to consider the public when deciding fuel taxes etc.

    Incidentally, the last time I was in Pakistan, I was impressed to see so many cars/taxis using LPG (Liquid Petroleum Gas). Pakistan has a very large supply of gas and it makes sense for all the cars to run on it. Think about it, if all cars in Pakistan were to run on LPG then they wouldn't need to depend on the foreign fuel markets. This in turn would bring a lot of stability and would kick start the economy further..

    Leave a comment:


  • Brute
    started a topic Fuel Prices

    Fuel Prices

    Our sweet government increases petroleum prices like there is no tommorow - They try to fool the crowd by saying that International prices have increased. OK - so what about the prices when they decrease - any sane person who has some idea of the International futures and stock market knows that crude oil prices fluctuate every day.

    The last time I checked we were in the 21st century and progressing by leaps and bounds

    Any comments anyone

    ------------------
    And my heart throbbed with an exquisite bliss
Working...
X