Islamabad (Shadesofgalaxy latest newspaper. March 15, 2023) The government has increased the prices of oil products by Rs.13. According to the details, the federal government has once again increased the prices of petroleum products. The new price of petrol has increased by Rs 5 to Rs 272 per liter, according to the notice, the price of high-speed diesel will be Rs 293 per liter after an increase of Rs 13, the price of kerosene will be Rs 2 after an increase of Rs 2.56 paise. 56 paise per liter. 190 29 paise per litre.
There is no change in the price of Light Speed Diesel. On the other hand, the prices of crude oil, gas and coal have decreased significantly in the global market. According to Dunya News, a foreign news organization says that the oil prices in the world markets have reached the lowest level of the last 15 months.
During trading in the global markets, the price of British crude oil per barrel fell by 6% to 72.80 dollars, while the price of American crude oil per barrel decreased by 6.39% to 66.77 dollars.
Along with the fall in oil prices, gas prices also fell by 6.5 percent, while coal prices also saw a significant drop. It was reported that the price of oil in the global market has reached the price level of December 2021, but the reduction in prices in the global market is unlikely to provide immediate relief to Pakistani consumers. According to media reports, the prices of petroleum products in Pakistan are likely to increase further due to IMF conditions and rupee depreciation.
It should be noted that after the start of the Russia-Ukraine war, oil prices in the world markets have reached the highest level of 130 dollars. Due to the record increase in crude oil prices in the global markets, waves of inflation and economic slowdown are being seen across the world. Pakistan has also been badly affected by the record rise in crude oil prices in the global market, where the prices of oil products have increased by more than Rs 120 during the last year.