@Dr_AyeshaNavid Even if Pakistan has a month of oil stock, prices may increase now because fuel prices are set based on future replacement cost, exchange rate expectations, oil company sustainability, and government fiscal policy, not only on the cost of oil already stored.
@iqrarulhassan Even if Pakistan has a month of oil stock, prices may increase now because fuel prices are set based on future replacement cost, exchange rate expectations, company sustainability, and government fiscal policy, not only on the cost of oil already stored.
@iqrarulhassan Pricing is based on replacement cost, not purchase cost.
If global prices are rising, the government adjusts prices early so that oil companies can afford the next imports.
If they waited until the new shipment arrived, the price jump might be much larger later.
@jawadahmadone Pricing is based on replacement cost, not purchase cost.
If global prices are rising, the government adjusts prices early so that oil companies can afford the next imports.
If they waited until the new shipment arrived, the price jump might be much larger later.
@Aadiiroy2 Fuel price in Pakistan is based on what it will cost to replace the oil in the next shipment.
Global prices are rising, the government adjusts prices early so oil companies can afford the next.
If they waited until the new shipment, the price jump might be much larger later.
@Aadiiroy2 Even if Pakistan has a month of oil stock, prices may increase now because fuel prices are set based on future replacement cost, exchange rate expectations, and government fiscal policy, not only on the cost of oil already stored or bought at the current old price.
@SImranshafqat@imdad_soomro Even if Pakistan has a month of oil stock, prices may increase now because fuel prices are set based on future replacement cost, exchange rate expectations, company sustainability, and government fiscal policy, not only on the cost of oil already stored.
@SImranshafqat@imdad_soomro It's everywhere around the world Imran bhai. There are quite a few factors involved. Here in America also where I live, a full dollar increased per gallon the day of the war (which is a lot).
@GFarooqi Even if Pakistan has a month of oil stock, prices may increase now because fuel prices are set based on future replacement cost, exchange rate expectations, company sustainability, and government fiscal policy, not only on the cost of oil already stored.
@GFarooqi Fuel pricing in Pakistan is usually based on what it will cost to replace the oil in the next shipment, not what the current stock cost.
If global prices are rising, the government adjusts prices early so that oil companies can afford the next imports.