Preparations to drop petrol bombs on the people again. How much will increase?
Preparations to drop petrol bombs on the people again, after the Russian invasion of Ukraine, the prices of petroleum products in Pakistan are likely to increase further by Rs 9.59 per liter, which will take effect from March 1, 2022. The government had hiked the prices of petroleum products by a record Rs 12.03 per liter, which has been applied since February 16 at a record level of Rs 159.86 per liter. On February 16, the price of crude oil was 94 94 per barrel per day. Russia's invasion of Ukraine has pushed up prices to more than 100 100 a barrel for the first time since 2014.
On the other hand, industry experts say that Russia invaded Crimea in 2014 when it raised funds through petroleum products. They said that the United States also has shale oil but it is expensive but the United States It may try to bring it to the world market in order to reduce the prices of petroleum products to the detriment of Russian revenue. One idea is that the United States may ease sanctions on Iran so that it can sell oil to the world market. However, relations with Iran and Russia are long-standing, so it seems difficult to implement this option. According to experts, if there is no immediate solution to the current situation in the world market The price of crude oil can go up to 125 dollar per barrel.
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