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.