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A clear decrease in oil prices has been recorded in the global oil market.
According to the foreign news agency, the price of American crude oil fell by 6.39% to 66.77 dollars per barrel.
The price of British Brent crude oil fell 6 percent to $72.80 per barrel.
The current price of coal is $137 per ton, after the Ukraine-Russia war, the price of coal per ton had reached $450. If coal becomes cheaper, power generation and cement companies in Pakistan will benefit.
If the prices of gas and oil remain low in the world market, Pakistan will be able to get relief for the purchase of oil and gas in the future. It should be noted that despite the decrease in the prices of oil in the world market, the prices of petroleum products in Pakistan are continuously increasing. This is mainly due to IMF conditions.
