After the Iran war, a crisis of oil and domestic gas (LPG) has arisen in many countries of the world. Pakistan is already struggling on the economic front. The Middle East crisis has completely broken his back. For the third time since the beginning of the war, the Pakistan government has decided to increase the price of liquid fuel gas (LPG) by 34 percent.

The increase in the prices of domestic gas in Pakistan has been notified by the Oil and Gas Regulatory Authority (OGRA), which states that the price of 11.8 kg domestic cylinder has increased by Rs 923.71 to Rs 3,588.59. In this notification, the reason for the increase in LPG prices is also given.

Neighboring country facing energy crisis
The increase in domestic gas prices is a major blow to Pakistan, which is already facing energy crisis and economic instability, while the increase in LPG prices will put additional burden on the general public, especially the lower and middle class people.

Pakistan imports 80 to 85 percent of its crude oil from Gulf countries like Saudi Arabia, United Arab Emirates (UAE) and Kuwait, whose tankers reach Karachi via the Strait of Hormuz, but ever since Iran has imposed blockade on Hormuz, there is chaos in the neighboring country.
Pakistan had taken these steps

Pakistan came into defensive mode only after the Iran war started. He had even ordered 50 percent government employees to work from home. To save energy, offices are now being operated only four days a week. Apart from this, schools were also asked to remain closed, they are being run on online mode.

Pakistan becomes mediator between America and Iran

Pakistan has been fluttering since the Middle East war. The reason for this is because its oil reserves are also gradually on the verge of depletion. Not only this, about 45 lakh of its citizens also work in Gulf countries, who send billions of rupees to Pakistan. Pakistan is currently in the role of mediator between America and Iran. In the coming days, a meeting between the delegations of America and Iran may be held in Islamabad.

Due to the war in the Middle East, energy crisis has arisen in most of the countries of the world. The impact of the war is clearly visible in India’s neighboring country Pakistan also. There has been a huge increase in the prices of LPG in Pakistan, which is affecting the pockets of common people.

LPG cylinder prices increased

According to the latest data of Sensitive Price Index (SPI) released by Pakistan Bureau of Statistics, the price of 11.67 kg cylinder in Pakistan was currently Rs 3150 to Rs 3950, which has now increased to Rs 3900 to Rs 5135. Especially in most of the cities of Punjab province of Pakistan, an increase in prices has been seen.

Impact on transport sector

The effect of increase in prices is also visible on the transport sector. The fares of vehicles like rickshaws, buses or mini buses which run on LPG have also increased, due to which the lower and middle class people traveling daily are becoming more loose in their pockets. According to experts, the reason for this is global. International prices of LPG have increased due to the war between America, Israel and Iran.

Crude oil stock left for 11 days

Let us tell you that Pakistan’s LPG requirement is about 20 lakh tonnes annually, out of which 12 lakh tonnes of LPG is imported from other countries, while 8 lakh tonnes of LPG is supplied through domestic refinery. Although three ships carrying about 20,000 tonnes of LPG reached Pakistan in March, this supply is much less than the demand. Concern about energy security is also increasing. According to recent reports, the country’s crude oil reserves are sufficient only for 11 days.

How many days of petrol, diesel and LPG stock is left?

Apart from this, diesel is available for 21 days, petrol for 27 days, LPG only for 9 days and jet fuel for 14 days. Pakistan is dependent on the Middle East for about 70 percent of its petroleum needs. Due to the current situation in Western Asia, shipping routes and supply chains have been affected. Due to this the situation has become more serious. The government is now in talks with Iran for permission to supply oil through the Strait of Hormuz, which may provide some relief. Experts have warned that if the disruption in the supply of LNG continues, the country may face a serious gas crisis after April 14.