The coronavirus pandemic have killed over 5.04 million people while inflicting billions of dollars losses to the economies, food, tourism, hospitality industries and petroleum exports worldwide.
Following lifting of the COVID-19 restrictions, the grim situation in most parts of the world and regional countries including Pakistan have returned to normalcy with a massive increase in the consumption and prices of petroleum and oil products in recent times.
“The pressing demands of people for petroleum viz-a-viz oil products and a record increase in its prices at international markets have left the government with no option but to enhance its prices to bridge the supply-demand gaps.—APP
