PETROL PRICE LIKELY TO RISE IN PAKISTAN
World crude oil prices likely to fall to $ 25 a barrel, petrol price in Pakistan will rise to Rs 50, according to Russian President The global economy is going to suffer further slowdown by the beginning of 2020, crude oil The price will drop to $ 25 a barrel, the current price is 57 to 61 dollars a barrel, the price fell more than $ 1 on Wednesday.
The price of crude oil in the global market is likely to fall to $ 25 a barrel, the price of petrol in Pakistan will be Rs 50, according to the Russian president, the global economy is going to suffer further slowdown by the beginning of 2020, Kham The price of oil will fall to $ 25 a barrel, the current price is $ 57 to $ 61 a barrel, the price fell more than $ 1 on Wednesday.
According to details, the announcement of Russian President Vladimir Putin has caused a stir globally. Especially in the global oil market, there has been a significant movement. Russian President Vladimir Putin predicts that crude oil prices in the global oil market are falling to the lowest level of $ 25 a barrel. The Russian president says the global economy is suffering from slowdown and this trend will continue in 2020.
At the beginning of the year 2020, the global oil market will see record declines in crude oil prices as the global economy continues to slow. Following the announcement by the Russian president, the global oil market saw a significant drop in prices on Wednesday. US crude oil prices plummeted by more than $ 1 in the global oil market. The decline brought US crude prices down to $ 61 a barrel.
Reducing crude oil prices in the global market will benefit Pakistan immensely. At present, the price of crude oil in the global market is $ 57 a barrel and the price of petrol in Pakistan is around Rs 113.
If Russian President Vladimir Putin’s prediction is true and crude oil prices go up to $ 25 a barrel, then it will reduce the prices of petroleum products in Pakistan as well as the price of petrol at Rs 50 per liter to the surface of the planet.
This situation will be a major relief not only to the government but also to the people. The reduction in the prices of petroleum products will not only reduce the inflation rate in the country but also reduce the burden of external payments to the government.