The impact of rising international crude oil prices on Pakistan has to be understood with two perspectives: 1) impact on country’s economy and 2) impact on exploration and production companies (E&Ps) and other constituents of energy chain. While the country’s foreign exchange are likely to erode faster, the incumbent government will get the
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WhatsAppGet PriceGet A QuoteSpeaking about the COVID-19 impact on global market, the price of oil in Pakistan goes up. An increase of Rs12 per litre in the petroleum product prices is tantamount to crushing the people.
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WhatsAppGet PriceGet A QuoteThis paper discussed the impact of higher oil prices on the Pakistan’s economy during 1990 to 2008. Pakistan is not oil producing rather oil-importing country. An increase in oil price leads to inflation, increase budget deficit and puts downward pressure on exchange rate which makes imports more expensive.
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