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    Home > Chemicals Industry > Petrochemical News > Pakistan's oil prices may usher in a new round of rise

    Pakistan's oil prices may usher in a new round of rise

    • Last Update: 2023-03-10
    • Source: Internet
    • Author: User
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    Pakistan's "Tribune Express" reported on February 15 that recently, affected by international tensions, the global crude oil price increased from $85 / barrel to $94 / barrel, once touching a high of $96.
    16 / barrel (the highest since October 2014).

    Earlier this month, domestic oil prices have already experienced a rise, with the ex-factory price of gasoline rising by Rs 8.
    33/litre, kerosene up Rs.
    6.
    08/litre, high-speed diesel and light diesel up Rs.
    6.
    02/litre and Rs.
    5.
    43/litre
    respectively.

    Sources said that Pakistan's domestic oil prices may usher in a new round of rise, of which high-speed diesel is expected to rise by 10.
    02 rupees / liter, kerosene is expected to rise by 10.
    08 rupees / liter, light diesel is expected to rise by 9.
    43 rupees / liter, various aviation fuel is expected to rise by 6 rupees / liter, and fuel oil (Furnace oil) is expected to rise 1397 rupees / ton
    .
    It depends on whether the government decides to pass on the pressure of rising international oil prices entirely to consumers
    by raising oil prices.
    The new oil price will be formulated by the Brazilian Oil and Gas Regulatory Authority (OGRA) and submitted to the Petroleum Department of the Ministry of Energy for approval and implementation
    .

    High-speed diesel is widely used in transportation and agricultural sectors; The supply of LNG in remote areas is unstable, so people commonly use kerosene for cooking; Pakistani security forces are also major consumers of kerosene
    .
    The rise in oil prices will further aggravate inflation and adversely
    affect the production and life of the general public.

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