{"id":109137,"date":"2026-04-23T09:23:17","date_gmt":"2026-04-23T04:23:17","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=109137"},"modified":"2026-04-23T09:23:17","modified_gmt":"2026-04-23T04:23:17","slug":"dangerous-increase-in-prices-of-petroleum-products","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/dangerous-increase-in-prices-of-petroleum-products\/","title":{"rendered":"Dangerous increase in prices of petroleum products"},"content":{"rendered":"<p>LAHORE: The possible blockade of the<a href=\"https:\/\/dailyausaf.com\/en\/world\/iran-seizes-two-vessels-in-strait-of-hormuz-amid-escalating-tensions\/\"> Strait of Hormuz<\/a> and the increasing tension between the US and Iran have created turmoil in the global oil markets, as a result of which the prices of crude oil are continuously increasing.<\/p>\n<p>According to economists, if the situation worsens further, the prices of petroleum products around the world may increase further.<\/p>\n<p>According to statistics, the price of Brent crude in the international market has reached $ 102 per barrel after an increase of more than 3 percent, while WTI crude has also become more expensive by 2.87 percent and is being sold at $ 94 per barrel.<\/p>\n<p>Similarly, Abu Dhabi&#8217;s Murban crude has reached $ 103 per barrel with an increase of 4.88 percent, which indicates severe volatility in the market.<\/p>\n<p>According to news agencies, this increase in oil prices is a result of the uncertainty in the region, where the closure of a key trade route like the Strait of Hormuz could affect the global supply chain.<\/p>\n<p>Economists say that most countries in the world depend on this route for their energy needs, so the effects of any disruption are immediate and severe.<\/p>\n<p>Also read: Preparations for issuing bonds, sukuk to fund from the global market<\/p>\n<p>Economic analysts have warned that if tensions do not ease, not only oil prices but also other essential commodities may increase, which will further increase global inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: The possible blockade of the Strait of Hormuz and the increasing tension between the US and Iran have created turmoil in the global oil markets, as a result of which the prices of crude oil are continuously increasing. According to economists, if the situation worsens further, the prices of petroleum products around the world [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":41461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[40711,37303],"class_list":["post-109137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-pakistan","tag-new-prices-of-petrol","tag-prices-of-petroleum"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/109137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=109137"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/109137\/revisions"}],"predecessor-version":[{"id":109138,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/109137\/revisions\/109138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/41461"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=109137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=109137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=109137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}