Pakistan ruined in America-Iran war! Only 5-7 days of crude oil left, shocking revelation of Petroleum Minister; Preparations for lockdown begin

New Delhi: Pakistan is facing a serious energy crisis these days. Pakistan, which has called itself a mediator on the global stage, is now facing great difficulties on its domestic front. During this time, an information has come to light, after knowing which there has been a stir everywhere.

main reason for the crisis

Due to increased tension between Iran and America in the Middle East, the Strait of Hormuz is almost closed. About 20 percent of the world’s crude oil is transported through this route. Pakistan imports most of its oil needs from Gulf countries. The supply has been completely affected due to road closure and shortage of ships.

Shocking statement of Petroleum Minister

Pakistan’s Petroleum Minister Ali Pervez Malik recently spoke openly about the situation in the country in a TV programme. He told that at present the country has only 5 to 7 days of crude oil left. The stock of petrol is almost exhausted, while the stock of diesel is around 26-28 days and that of LPG is around 15 days.

The minister warned that there is no sign of the Iran-America conflict ending soon. Due to this, there is huge uncertainty in the global oil market. Dubai crude prices had never reached such a high level before. Pakistan has issued NOTAM regarding fuel shortage for airlines, which shows the seriousness of the situation in the country.

Preparation for strictness like lockdown

Shahbaz Sharif government is considering strict measures to save fuel. According to media reports, restrictions like lockdown can be imposed to reduce the consumption of petrol and diesel. Employees in government and private offices can be asked to work from home.

There is a plan to close schools and colleges and shift studies to online mode. People are being appealed to use less personal vehicles and car sharing.

Rising inflation and economic pressure

Pakistan is already troubled by economic crisis and inflation. Due to this new problem, prices of petrol and diesel can now be reviewed every week. The insurance cost of ships has also increased manifold, the burden of which will fall on the common man. Due to cost of transportation, the prices of vegetables, fruits, ration and medicines will increase further.

The country which claims to mediate between others seems to have failed in ensuring its energy security. Between the lack of foreign exchange reserves and the conditions of the IMF, this crisis can become a big threat to the economy of Pakistan.