The price of petrol is expected to reach Rs 200 to Rs 225 per liter
Petrol price is expected to reach 200 to 225 rupees per liter. According to the details, due to the tension in Ukraine, oil prices in the world market have increased further. According to the reports of foreign news agencies, the price of Brent crude oil reached 96 96 and the price of WTI reached 95 95 per barrel during trading in Asian markets.
According to the report of the English newspaper Express Tribune, after the price of crude oil in the world market reached the highest level of 7 years due to the tension between Russia and Ukraine, experts fear that the price of oil per barrel will reach a staggering level of 125 125. What is it. Experts say Russia's invasion of Ukraine could lead to a global economic crisis.
In the event of a Russian invasion of Ukraine, the global oil market could spiral out of control and the price of crude oil could reach 125 125 a barrel, leading to a situation similar to the 2008 global economic crisis. According to the report, if the prices of crude oil in the global market get out of control, then the price of petrol in Pakistan could reach a staggering level of Rs 200 to Rs 225, which will result in a terrible storm of inflation in the country.
On the other hand, petroleum products are likely to become more expensive in the country on Tuesday. According to media reports, OGRA has sent a summary of increase in prices of petroleum products to the Petroleum Division. OGRA has proposed to increase petrol price by Rs8.5 per liter and diesel by Rs5.5 per liter. According to sources, OGRA has been working on the increase based on the existing levy. According to sources, if the federal government increases the levy, the increase will be more than that. According to sources, further reduction in levy on petroleum products is unlikely, the decision on prices will be taken by the Prime Minister.
Comments
Post a Comment