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(Monitoring Board) Global crude oil prices fell to a 15-month low, raising hopes of cheaper petrol in Pakistan as well.
According to the International News Agency, the price of crude oil on the world market fell to the lowest price level in 15 months. On the last day, the British Brent crude oil decreased by 1.73 dollars to 72.97, while the American West Texas Intermediate decreased by 1.61 dollars to 66.74 dollars per. barrel, i happened
Globally, crude oil prices are falling, with Brent crude at $48 a barrel after a 73 cent drop. Oil prices may fall by Rs 5 to 7.
Analysts say crude oil price drop will reduce Pakistan’s import bill, prices of petroleum products in Pakistan are expected to fall due to cheap crude after dollar.
It is worth noting that due to the war between Russia and Ukraine, an increase in crude oil and gas prices was seen around the world, but now the world market is heading towards stability.