The government has decided to take advantage of falling oil prices in the global market.

It is too early to say how much oil and for how long they are considering oil deals through Beijing.

The government has decided to take advantage of falling oil prices in the global market. According to details, the Pakistani government has decided to take advantage of falling oil prices in the global market. In this regard, Nadeem Babar, Special Assistant to Prime Minister Imran Khan for Petroleum, has said that he is considering signing oil purchase agreements through Beijing. It is too early to say how much oil and for how long.

They are also reviewing oil deals through hedging. Talks have also been held with the Ministry of Finance on making oil purchase agreements through hedging. He further said that new prices of petroleum products are not likely to be announced ahead of time. In March, the prices of petroleum products were announced due to the relief package of the Prime Minister.

It should be noted that the price of crude oil in the world market has come down a lot. Tensions between Saudi Arabia and Russia over oil prices have led to a sharp decline in the price of petroleum products, which has resulted in a crude oil market crash. Experts say that no country now has the capacity to store oil, which is why the demand for oil is almost non-existent, and that is why there has been a historic drop in prices and the rise in crude oil prices in the world market. Came to the lowest level and.

For the first time in history, the price of WTI oil fell by more than 100%, reaching a low of minus 5 0.05 per barrel, and then fell to minus 37 37 per barrel, after which the market crashed.