Petrol Still Expensive As Oil Prices Dip | PPP Wants PML-N To Reign In Khawaja Asif

#iran #oil #ppp #khawajaasif #sthpunjabi Pakistan’s domestic fuel prices often remain stubbornly high despite dips in the international market due to heavy taxation, persistent currency devaluation, and an escalating Increase in oil prices in Pakistan and its impact on consumer buying behavior. The government frequently utilizes the petroleum development levy (PDL) and general sales tax (GST) as revenue shock absorbers to bridge fiscal deficits. Pakistan's oil market is fuelling the crisis - The Express Tribune. Consequently, relief from lower global rates is significantly blunted. Why Fuel Prices in Pakistan Just Jumped. Furthermore, Pakistan imports roughly 130,000–150,000 barrels per day of crude oil, making its energy import bill highly sensitive to World Oil Price Volatility, Middle East Geopolitics, and Pakistan's Inflation .... Even when global crude rates fall, the depreciation of the Pakistani Rupee (PKR) inflates the cost of purchasing oil in US dollars. Additional logistical hurdles—such as rising shipping insurance and freight charges driven by Middle East geopolitical tensions—further bloat import expenses World Oil Price Volatility, Middle East Geopolitics, and Pakistan's Inflation ....Refining limitations and the absence of strategic petroleum reserves also leave the country at the mercy of global supply chain disruptions Why import of oil into Pakistan is so much larger than other imports?, Pakistan's oil market is fuelling the crisis - The Express Tribune. Therefore, the combination of necessary revenue collection, exchange rate fluctuations, and high import dependencies creates a structural barrier against fully passing international price drops onto the local consumer.