Petroleum Price in Pakistan 27 May 2022

 PDM , Pakistan Democratic Movement is in power at present in Pakistan. The prime Minister is from Pakistan Muslim League Nawaz shareef and foreign Minister is from Pakistan people party parliamentarians PPP, while other MQM, BAP and BNP, ANP, INDEPENDENT MEMBER OF THE ASSEMBLY ARE ALSO THE PART OF THIS COALITION GOVERNMENT.

THIS GOVERNMENT HAS RAISED THE PRICE OF PETROL, DIESEL, KEROSENE OIL AND HIGH SPEED DIESEL Rs 30 per litre the highest ever price hike in one move in this History of Pakistan, it was about 20% increase in the price of petroleum products. The former prime minister Imran khan had fixed the price and reduced the price from Rs 160  to Rs. 150 /litter. 

Due to the IMF Package and deals, the present government was forced to increase the price to get tue bail out package from the IMF.  However the India is purchasing the oil at 25% less than the international market  even USA had warned the India not to do this otherwise ready to face the sanctions but Indian government ignored this and reduced the oil prices for Rs 25 / litter for the public. 

International market is Facing a set back due to conflicts between the European country and Southern continent.