Amidst the inflation in Pakistan, now a diesel crisis has arisen. Since then, a new problem has arisen for the Imran Khan government, which has been failing on the issue of inflation. According to the information received, now only five days of diesel is left with Pakistan.
According to the Express Tribune report, Pakistan has only five days of diesel stock left. This is the first time such a situation has happened since 2008 due to war. At the same time, oil prices in the international market reached close to $112 a barrel, which was $ 94 a barrel before the start of the Russo-Ukraine war.
The state-run oil marketing company Pakistan State Oil (PSO) has informed about the situation in a letter sent to the Director General of the Ministry of Power. The Oil Companies Advisory Council (OCAC), a body of oil companies, had already warned the Pakistani government about the crisis of diesel shortage due to the global stock shortage. There was another reason that led to the crisis. Pakistani banks had also put oil companies in the high risk category and refused to give loans.
The Oil Companies Advisory Council had also written a letter to the governor of the Pakistani central bank to intervene in this regard. There has been a reduction in diesel imports by 205,000 metric tonnes from January to March 2022. Due to which now this crisis in Pakistan seems to be deepening.
According to the US Energy Information Administration, distillate fuel oil inventories in the US fell 21% to 30 million barrels, below a five-year average and the lowest level since 2005. The same is the case in Europe.
Let us inform that the Imran Khan government is already seen struggling on the issue of inflation. The opposition has already targeted the government regarding inflation in Pakistan. Now the Imran Khan government seems to be in trouble over the shortage of diesel.