313ghazi
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In the UK we're paying PKR 257 per litre. If you have to import oil, life is tough. When the price of oil goes up, the cost at the pumps goes up. Who do Pakistani consumers think should pay the difference of not the people who use the oil? The state could reduce taxes on the oil - but then they'd have to reduce spending elsewhere.
I have a suggestion for GoP. For every 1 rupee of additional tax earned from other routes, reduce the tax on fuel by half a rupee. So for example, assume the annual tax earnt from taxing oil is currently PKR 1 billion. If the govt can earn an extra 100 million PKR of tax from other routes, they should reduce the tax on oil by 50 million PKR.
This will help reduce the burden on the population as a whole, but at the same time will not be from cutting spending on other places.
lol - that doesn't work. Yeah you might be able to hand out monthly cash, but cost of living will rise, more than likely nullifying any benefit. Most business requires transportation, either of goods, or labour or services. Oil is the basic cost of that transportation. If it goes up, prices go up, or profits go down.
The other big problem is that over a third of our electricity is produced from burning oil. If the price of oil goes up, the price of the goods we manufacture goes up, which could make them too expensive to export, or even buy locally.
The solution to our electricity problems are this;
1. Switch from burning oil to burning coal, or renewable sources of energy.
2. Mass public transport including freight by electrified bus/rail networks/canals.
Looking towards the future - we should think the same as everyone else in the world. Why are we all commuting as much as we are? Is it really required? How could we work around it?
I have a suggestion for GoP. For every 1 rupee of additional tax earned from other routes, reduce the tax on fuel by half a rupee. So for example, assume the annual tax earnt from taxing oil is currently PKR 1 billion. If the govt can earn an extra 100 million PKR of tax from other routes, they should reduce the tax on oil by 50 million PKR.
This will help reduce the burden on the population as a whole, but at the same time will not be from cutting spending on other places.
lol - that doesn't work. Yeah you might be able to hand out monthly cash, but cost of living will rise, more than likely nullifying any benefit. Most business requires transportation, either of goods, or labour or services. Oil is the basic cost of that transportation. If it goes up, prices go up, or profits go down.
The other big problem is that over a third of our electricity is produced from burning oil. If the price of oil goes up, the price of the goods we manufacture goes up, which could make them too expensive to export, or even buy locally.
The solution to our electricity problems are this;
1. Switch from burning oil to burning coal, or renewable sources of energy.
2. Mass public transport including freight by electrified bus/rail networks/canals.
Looking towards the future - we should think the same as everyone else in the world. Why are we all commuting as much as we are? Is it really required? How could we work around it?
