By Admin 
- Middle East tensions and global oil growth are affecting neighbors.
- Petrol crosses Rs 300 amid extreme economic crisis in Pakistan.
- Nepal and Myanmar are also struggling with rising oil prices.
Petrol Diesel News: The effect of rising oil prices across the world is now clearly visible in neighboring countries too. Not only India is a victim of this inflation, but the situation has worsened even in Pakistan, Nepal and Myanmar. Due to the ongoing tension in the Middle East and rising prices of crude oil, the prices of petrol and diesel are increasing rapidly in many countries. The situation is such that in some countries people’s pockets are being hit hard and the pressure on the governments is also increasing. Oil prices in many countries around India are higher than in India. At some places the prices have increased due to the economic crisis and at some places the dollar shortage and inflation have worsened the situation. From here you can understand the condition of neighboring countries.
biggest problem in pakistan
Pakistan is already facing economic crisis. The prices of petrol and diesel are continuously increasing there. According to reports, petrol in Pakistan has reached around 300 Pakistani rupees per liter. Due to oil becoming expensive, the prices of transport and everyday items are also increasing there. People are seen criticizing the government on social media. In many cities people are buying petrol in limited quantities.
Gold and silver rates today (May 22): Know the latest prices of 18K, 22K and 24K gold in Delhi, Mumbai, Chennai and Kolkata.
Prices increased in Nepal also
The prices of petrol and diesel have also increased in Nepal. Nepal buys oil from Indian Oil Corporation, hence the effect of increase in international market is visible there also. Nepal Oil Corporation is increasing the prices from time to time. Due to expensive oil, the prices of bus fares and essential goods are also being affected.
Situation more difficult in Myanmar
The oil crisis has increased further in Myanmar. Long lines are being seen at petrol pumps in many areas. There have also been reports of shortage of supply at some places. According to media reports in Myanmar, people there are buying more petrol than required, due to which a situation like panic buying is being created in many places. This means that people are buying any amount of oil in a panic.
Petrol and diesel prices can increase any time, know the rates from Delhi to Hyderabad here
Sri Lanka has still not fully recovered
Some time ago there was a big economic crisis in Sri Lanka. Although the situation has become better than before, oil prices still remain a big concern for the people. The government also had to take international help many times.
How is the situation in India?
At present, there has been no major change in the prices of petrol and diesel in India, but due to the cost of oil in the international market, the pressure is definitely increasing. According to experts, if the prices of crude oil continue to rise like this, then the prices may definitely increase in India also in the coming time.
Why are oil prices increasing?
Middle East tension, supply concerns and the strength of the dollar are the major reasons for increasing oil prices. Inflation has already increased in many countries of the world and now due to the cost of oil, people’s problems are increasing further. At present the situation is such that not only India, but almost all the surrounding countries are under the pressure of rising oil prices and are facing a lot of problems.