Islamabad (Dot Wheelz) After the Russian invasion of Ukraine, the prices of petroleum products in Pakistan are likely to increase further by Rs 9.59 per liter with effect from March 1, 2022. According to media reports, the government.
Prices had risen to a record high of Rs 12.03 per liter, with the price of petrol at a record high of Rs 159.86 per liter from February 16. On February 16, the price of crude oil was 94 94 a barrel a day. As a result, prices rose to more than 100 100 a barrel for the first time since 2014.
According to industry experts, Russia launched an aggression against Crimea in 2014 when it raised funds through petroleum products. The United States may also ease sanctions on Iran to allow it to sell oil on the world market. And so the price of a barrel of petrol would once again fall to the level of 65 65, but relations with Iran and Russia are long, so this option seems difficult to implement.
According to experts, if the current situation is not resolved immediately, the price of crude oil in the world market could reach 125 125 per barrel. Liters, which will result in severe problems for Pakistani consumers, and the increase will have a direct impact on low-income households who are already struggling.
There is a possibility that the price of petrol will increase by 9 rupees 59 paisa per liter, after which the new price of petrol will be 169 rupees 45 paisa per liter. Similarly, the price of high speed diesel will increase by 8 rupees 52 paisa per liter. After which the new price of high speed diesel is likely to be Rs 162.67 per liter.