A sharp drop in oil prices in the global oil market

A sharp drop in oil prices in the global oil market


Despite the drop in oil prices in the world market, the prices of petroleum products are continuously increasing in Pakistan – Photo: File

A clear reduction 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.

Apart from this, the price of gas has also decreased by six and a half percent. The price of coal in the world market has also recorded a decrease.

It should be noted that despite the decrease in oil prices in the global market, the prices of petroleum products in Pakistan are continuously increasing, which is mainly due to the conditions of the IMF.




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