Pakistan News: Due to the situation of tension in the Middle East, Pakistan is facing energy crisis. He has only a short amount of crude oil stock left. Pakistan itself has accepted this. It has also been said that it does not have strategic oil reserves like India. World oil prices have increased to $126 per barrel. This situation has happened in Pakistan due to the tension and blockade regarding Hormuz.
Petroleum Minister said- We have oil for 5 to 7 days
In an interview given to Sama TV, Pakistan’s Petroleum Minister Ali Pervez Malik has called it a serious challenge. Also said that we do not have any strategic oil reserves. We only have commercial stock. Also told that Islamabad has only five to seven days of oil left.
Here, in Pakistan, which is facing energy crisis, people are coming out on the streets. There has been a huge increase in fuel prices. This includes a jump of 42.7 percent. Here the prices have increased from PKR 321.17 to PKR 458.41. Here, the fuel prices in India on Saturday are (Petrol Rs 94.77 per liter) and (Diesel Rs 87.67 per liter).
Here Malik told that now the prices of diesel have increased 3 to 4 times. Levy on diesel has been reduced to zero. It has been decided to put the entire burden on petrol. Also told that we held secret talks with IMF and convinced them to reduce the levy by Rs 80 per litre.
What did Pakistan’s Petroleum Minister say in comparison with India?
Malik has claimed that India has an estimated combined strategic and commercial oil reserves of 60 to 70 days. Apart from this, he said that India not only has reserves of 600 billion dollars, but they also maintain strategic reserves. This double benefit helps New Delhi in reducing the impact of this crisis.
Here in India, the situation regarding oil remains stable. The Petroleum Ministry had said in its statement that the country currently has actual oil reserves of about 60 days. India currently has a stock of about 8 lakh tonnes of LPG.
Also read: There was panic from America to India, crude oil made a new record; Price reached 3 year high level
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