Petrol and diesel became costlier by Rs 55 in Pakistan: Petrol became Rs 336 and diesel Rs 321 per liter, effect of America-Israel and Iran war.

Pakistan has increased the prices of petrol and diesel by about 20%. The prices of petrol and diesel have been increased by up to Rs 55 (Pakistani Rupee) per liter. After this increase, the price of petrol in Pakistan has now become Rs 335.86 per liter. Whereas diesel has reached the level of Rs 321.17 per liter. The government’s argument is that due to the US-Israel and Iran wars and tensions in the Middle East, the prices of crude oil have increased rapidly in the international market, due to which this decision had to be taken. Crowd gathered at petrol pumps. As soon as the news of increase in prices came, huge crowd gathered at petrol pumps in big cities of Pakistan like Lahore and Karachi. People were seen waiting for their turn for hours. People fear that there may be a shortage of oil in the coming days. Strict action will be taken against those who hoard: PM Shahbaz Prime Minister Shahbaz Sharif has given a strict warning amid rumors of petrol shortage and complaints of hoarding. He has said that strict action will be taken against those who are keeping petrol stock hidden. Petroleum Minister Ali Pervez Malik clarified that there are sufficient reserves of petrol in the country. It is not known when the Middle East crisis will end. Pakistan government says that they are planning to stretch the existing petrol reserves for a long time. The minister said that we do not know when this crisis in the Middle East will end. This may have an impact on the supply chain, so we have to be prepared in advance. LPG gas cylinder becomes costlier in India too. In India too, the central government has made domestic gas cylinder costlier by Rs 60 from March 7. 14.2 kg LPG gas will now be available for Rs 913 in Delhi. Earlier it was Rs 853. Whereas the price of 19 kg commercial cylinder has been increased by Rs 115. Now it will be available for Rs 1883. Order to increase LPG production to prevent cylinder shortage: On March 5, the government, using emergency power, had ordered all the oil refinery companies of the country to increase LPG production. Gas supply may be affected due to increasing tension in the Middle East. In view of this danger, the government issued this order. It says that now refineries will use propane and butane only to make cooking gas. All companies will have to supply propane and butane to government oil companies. Government oil companies include Indian Oil (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL). Its objective is to supply gas cylinders to consumers without interruption. Crude oil prices reached $90. A statement given by US President Donald Trump regarding Iran has created a stir in the global energy market. Trump has demanded ‘unconditional surrender’ from Iran, after which a huge rise in crude oil prices is being seen. On Friday, crude oil WTI futures rose 12.2% to $ 90.90 per barrel.



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