why the petrol price is getting higher in india as compared to pakistan

Ever since the recent petrol price hike in India, there has been much discussion on social media about why it is happening and whether or not this is a temporary phenomena. In this article, we will try to answer some of the key questions people are asking about the petrol price hike in India.

The recent spike in the petrol price in India is something that has caught many people by surprise. In Pakistan, on the other hand, the petrol price has been steadily trending upwards for some time now, and many people are starting to ask why this is.

petrol in inr

Petrol prices in India are on the rise, while prices in Pakistan are lagging behind. The reason for this discrepancy has to do with the difference in tax rates between the two countries. India imposes a higher federal excise duty on petrol, while Pakistan levies a lower local sales tax. This means that Indian manufacturers have an incentive to sell their product at a higher price, while Pakistani refiners prefer to sell their product at a lower price so that they can make more profit.

As of now, there is no easy solution to this problem – the best solution would be for both countries to harmonize their tax rates so that both domestic and foreign manufacturers can compete on an even playing field. In the meantime, however, consumers in both India and Pakistan will have to pay more for their petrol.

 

 

While it might seem like the cost of petrol is increasing in every country on the planet, new research suggests that the petrol price hike in India is outpacing that of Pakistan. Why is this happening, and what implications does it have for consumers and businesses?

Petro-Dollars

The high petrol prices in India are a result of several factors, including the country’s growing economy and population, and the global demand for oil. In Pakistan, on the other hand, gasoline prices are low because the country has a smaller population and an economy that is much less diversified than India’s.

The Rupee

The Rupee has been strengthening against the USD recently. The reason for this is that the Reserve Bank of India (RBI) has been raising interest rates, which has encouraged people to withdraw their money from the banks and invest it in overseas assets. This has pushed up the price of petrol and other commodities.

India’s Economy

The petrol price in India is currently more than double that in Pakistan. This is partly because of the difference in the cost of petrol between the two countries, but also reflects the different economic situations of India and Pakistan. India’s economy is stronger than Pakistan’s, and its currency is also stronger. This means that Indian companies can afford to pay more for petrol, while Pakistani companies can’t.

Pakistan’s Economy

The prices of oil products in Pakistan are much lower than India’s, but the petrol price in Pakistan has been increasing at a much faster rate than the petrol price in India. Many people are wondering why this is happening, and there are several explanations for why the petrol price in Pakistan is going up.

One reason for the increase in the petrol price in Pakistan is that the country is currently experiencing severe shortages of oil products. This shortage is due to a number of factors, including increased production in Iran and Iraq, restrictions on exports imposed by Western countries, and domestic demand growth. As a result, the price of petroleum products has been rising in recent months.

Another reason for the increase in the petrol price in Pakistan is that the government there has instituted a number of taxes and tariffs on oil products. These taxes and tariffs include a tax on gasoline and diesel fuel and a tax on oilfield services. The purpose of these taxes and tariffs is to raise money to fund government spending programs. However, because they make it harder for businesses to sell oil products, they have also led to higher prices for these products.

Overall, there are several reasons why the petrol price in Pakistan is going up more than the

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