Petroleum Prices in Pakistan

Petroleum Prices in PakistanMany analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the data. There is no question that lower oil prices have been a big windfall for consumers. Americans today are spending $180 B less each year on energy goods and services than we were in July of 2014, which corresponds to about 1 percent of GDP. A year and a half ago, energy expenses constituted 5.4 percent of total consumer spending. Today that share is down to 3.7 percent. Major oil producers from the Middle East and Russia, but excluding the United States, plan to meet in Qatar’s capital Doha next Sunday. They will discuss measures to rein in ballooning oversupply which sees as many as 2 million barrels of crude produced every day in excess of demand, leaving storage tanks around the world filled to the rims with unsold and unwanted fuel.

The petroleum products prices are revised on every month by the Government (Ministry of Finance) and petroleum prices are suggested by the OGRA (Oil & Regularity Authority of Pakistan) on every end of the month to decide new petroleum products prices for the next month and on wards. The main objective of this information page is to keep inform all visitors for the current and fresh petroleum products prices in Pakistan. Petroleum products monthly price revisions are proposed by the OGRA (Oil & Regularity Authority of Pakistan) to Ministry of Petroleum.

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About Nasir Memon
I am Abdul Nasir Memon. I am a Project Manager. I have experienced of more than 15 years in IT field. I did complete various Projects of Website and Mobile Apps. I have expertise to manage Projects of Android Applications.

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