Well there is a caveat with that too, I had a discussion with
@niaz on this too.
You could leave it all to the market to decide, but then the cartelization of the free market is a real possibility. In the absence of a strong regulator like the US or other countries, you will see collusion and price gouging. And we all know how weak the regulators are in this country.
In Pakistan, PSO is a state owned company, so it can sell the fuel at the actual rates, and private companies will be forced to sell it at that too...but there is great room to manipulate the pricing structure in that as well.
But I agree, principally, it should be market determined, and not regulated.
Is ko to chorain, we are perhaps the only country in this world where sugarcane price is determined by the govt but sugar price is determined by the market. You have the cost of production regulated, but the sale price determined by the market.
