Kudos to the Ministry of Energy for disclosing CPC’s fuel cost. Based on imported fuel prices in April — with part of those stocks being consumed in May — the scale of the losses, even before accounting for the subsidy component, is significant.
Some figures are worth repeating given their magnitude. The loss per litre is approximately Rs. 35 for Petrol 92, Rs. 367 for Auto Diesel, and Rs. 325 for Kerosene. In the case of Kerosene, there are no taxes, meaning the entire amount translates directly into a loss with no tax offset whatsoever.
For Auto Diesel, the total tax component is around Rs. 163 per litre. Even after offsetting this against the pricing gap, the net loss still stands at roughly Rs. 162 per litre. For Petrol 92, despite a pricing loss of Rs. 35 per litre, the tax component that follows is approximately Rs. 101 per litre.
Marcus Aurelius once said:
"Very little is needed to make a happy life; it is all within yourself in your way of thinking."
Here are 6 things that changed my life:
@TheMorningLK Why can’t the CMC sell parking tickets to the wardens who in turn ‘sell’ the slots (by the hour) to slot users? If we can do this with the lottery sellers, why not here?
@dialoglk is this legit?
Limited Time Offer! Your FREE DATA is here! Hurry up and visit Freezone to claim NOW: https://t.co/Oy5ILarLKb T&CA
*StopAd? SMS BL Dialog Data to 9010*