Global Fuel Hike: There is an increase in the prices of petrol and diesel all over the world and its effect is clearly visible in many countries including India. Fuel has become very expensive in countries like Myanmar, Pakistan, America, Sri Lanka and Nepal.

The prices of petrol and diesel have increased in India also. Due to rising global oil prices and supply crisis, the expenditure pressure on common people is increasing in many countries. Let us know, in which countries the rates have increased by how much?

How much have petrol and diesel prices increased in neighboring countries?

A big increase in the prices of petrol and diesel has been recorded in the neighboring countries of India. Petrol has become costlier by 54.9% and diesel by 44.9% in Pakistan. Whereas in Sri Lanka the price of petrol has increased by 38.2% and diesel by 41.8%. Whereas in Nepal petrol has become costlier by 38.2% and diesel by 58.5%.

In China, petrol prices have increased by 21.7% and diesel by 23.7%. Talking about Bangladesh, the price of petrol has increased by 16.7% and diesel by 15.0%.

Increase in prices of petrol and diesel in different countries

• Myanmar — Petrol 89.7%, Diesel 112.7%
• Malaysia — Petrol 56.3%, Diesel 71.2%
• Pakistan — Petrol 54.9%, Diesel 44.9%
• United Arab Emirates — Petrol 52.4%, Diesel 86.1%
• America – Petrol 44.5%, Diesel 48.1%
• Philippines — Petrol 40.6%, Diesel 53.8%
• Sri Lanka — Petrol 38.2%, Diesel 41.8%
• Nepal — Petrol 38.2%, Diesel 58.5%
• South Africa — petrol 33.1%, diesel 63.6%
• Canada — Petrol 31.9%, Diesel 32.8%
• New Zealand — Petrol 30.7%, Diesel 88.6%
• Thailand — petrol 29.7%, diesel 32.4%
• Belgium — Petrol 25.3%, Diesel 30.9%
• Vietnam — Petrol 23.8%, Diesel 50.6%
• China — Petrol 21.7%, Diesel 23.7%
• France — Petrol 20.9%, Diesel 31.0%
• United Kingdom — petrol 19.2%, diesel 34.2%
• South Korea — Petrol 19.0%, Diesel 26.2%
• Australia — Petrol 18.5%, Diesel 43.1%
• Bangladesh — Petrol 16.7%, Diesel 15.0%
• Italy — Petrol 15.4%, Diesel 19.8%
• Germany — Petrol 13.7%, Diesel 19.8%
• Singapore — Petrol 12.7%, Diesel 64.7%
• Japan — Petrol 9.7%, Diesel 11.2%
• India — Petrol 3.2%, Diesel 3.4%

Prices increased the most in Myanmar, Pakistan at third place

Myanmar has been at the top in terms of increase in prices of petrol and diesel. Here petrol has become costlier by 89.7% and diesel by 112.7%. Whereas Pakistan has reached third position. Where petrol has increased by 54.9% and diesel by 44.9%. The impact of rising global oil prices and supply crisis is being seen most in these countries.

India’s position in the list

In India, the price of petrol has increased by 3.2% and the price of diesel has increased by 3.4%. There were expectations of a rise in oil prices since the beginning of the Middle East tension. However, the government has tried to keep the prices stable. Due to the continuously increasing losses of oil companies, a decision has been taken to change the prices.

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Pak Minister Praises India: The effects of the huge tension being seen in the Middle East are being seen all over the world. Due to which the price of crude oil is increasing and its shortage is being seen all over the world. Every country is trying to deal with it in its own way and find a solution to it. In such a situation, India also has its own strategy, which now Pakistan also seems to be following. We are not saying this but a minister of Pakistan himself has said this.

Pakistan became a fan of India
In fact, recently Pakistan’s Petroleum Minister Ali Malik talked to a local news channel. During this, he has praised India’s way of conserving oil and dealing with the situation at this time. While comparing the strategies of Pakistan and India, he said that Pakistan has only 5-7 days of oil left.

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What did Malik say?
In his statement, he said, ‘India not only has reserves worth 600 billion dollars, but it also has strategic reserves. When oil prices rose, he tried to protect himself by reducing the tax on petrol and diesel. They had enough financial resources to do so.

Let us tell you that while on one hand the prices of crude oil have increased significantly in three years, on the other hand the Government of India has reduced the tax on the cost of fuel to control the prices in the country. The Pak Minister is also liking this way of dealing with the energy crisis. Because the Pakistan government is currently unable to do anything special to deal with this situation. Due to lack of energy, there has been a situation of power cut in Pakistan. The people of Pakistan are also facing a lot of trouble due to this shortage.

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