By Admin 
Pakistan Crude Crisis: During the Corona epidemic, methods like work from home and online classes were adopted to prevent the spread of the virus. Now Pakistan is using this same trick to save fuel. In fact, Pakistan has faced a serious energy crisis due to the closure of the Strait of Hormuz amid the attacks by America and Israel on Iran.
Actually, it has been announced by the Revolutionary Guards of Iran that this sea route is being closed for the ships of America, Israel and European Union. The Revolutionary Guards also said that based on international law and related resolutions, the Islamic Republic of Iran has the right to regulate the Strait of Hormuz in times of war. In such a situation, the possibility of interruption in the supply of oil and gas has increased.
Stock is only for 28 days
According to media reports, Pakistan’s Finance Minister Muhammad Aurangzeb has said that currently Pakistan has stock of petrol and diesel for only 28 days. There is reserve of crude oil for 10 days and LPG supply for 15 days.
What will Shahbaz do now?
According to a report in Pakistani newspaper Dawn, Shehbaz Sharif’s government in Pakistan is going to take several steps to deal with this problem such as weekly change in petrol prices, compensation to oil companies for the increased cost of insurance and import premium and measures to save fuel.
In this sequence, the government can also encourage companies to adopt remote working two days a week and this month only essential staff will be present in the office. Apart from this, there are also proposals to ask employees to share rides. Educational institutions may be advised to take online exams.
New trouble facing Pakistan
Actually, Pakistan imports about 70 percent of its crude oil and 30 percent of ready-made petrol and diesel from Gulf countries like UAE, Kuwait, Saudi Arabia. In such a situation, if the Strait of Hormuz remains closed for a long time, there may be a huge shortage of petrol and diesel in Pakistan, power production may stop and inflation may increase.
If the supply decreases, then obviously international oil prices may also increase to $ 120-140 per barrel. In such a situation, petrol prices can reach record high level in Pakistan also. Due to this, prices of goods ranging from freight to food items may increase.
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From cooking oil to saffron-pistachio… things became expensive in India due to war in Iran, problems of common man increased.