No Result
View All Result
Tuesday, July 1, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Opinion & Editorial Opinion

Downing international oil market

Maria Razzaque by Maria Razzaque
September 10, 2022

The price of oil in the international market is facing a downward trend for almost a week as the market focused on the worries about the further China Covid-19 restrictions.

Brent oil futures closed under $100 a barrel for the first time in three months as recession worries cloud the near-term outlook for crude demand. The contract for the international oil benchmark for September delivery tumbled 7.1 percent to $99.49 a barrel.

Currently, fuel prices in Pakistan are very high, the incumbent government had been jacking up the prices citing an international market hike, but when the prices are coming down, Finance Minister Miftah Ismail said they will provide relief to the masses if the downward trend continues?

What kind of logic is this? when the prices go up, the government jacks up the prices with ain twinkling of an eye, but when it goes down, we hear such statements!.

Punjab by-election is coming near, scheduled to take place on July 17, the first move of the Punjab govt went into the vein as the ECP suspended Punjab CM Hamza’s relief program now it has been sensed that the federal government is mulling over slashing oil prices in the country in a move to hit two prey with one arrow…  The slashing of oil prices will put the popularity graph of the government bit high among the masses and it can also bring good results for the PML-N in the upcoming Punjab by-polls. 

Sources said Prime Minister Shehbaz Sharif has sought a summary to reduce the price of petroleum products by up to Rs40.

He asked the ministries of finance and petroleum to present a summary to him for approval, adding that the people deserved relief after passing through difficult times.

Interesting thing is that the move cannot be challenged as the government will say that prices have been slashed as per the international market as they had been jacked up in the past. 

All the speculations in this regard will come to an end today (Thursday), at midnight as according to the law, the prices will be retained or changed for the next 15 days.

ShareTweetSendShare
Previous Post

What is COVID BA.5 variant and why is it reinfecting so many people?

Next Post

Drowning Balochistan

Related Stories

Opinion

Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World

June 29, 2025
Opinion

A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances

June 28, 2025
Opinion

“Run Lola Run” – More than a movie to cultural bridging

June 27, 2025
Opinion

Ceasefire or a Smokescreen? The US-Iran Next Dialogue of Disillusions

June 26, 2025
Opinion

Israel-Iran War and Supply Chain of World Economy

June 25, 2025
Opinion

Unleashed Modern-day Holocaust and the Global Collapse

June 23, 2025
Opinion

Firestorm in the Middle East: Global Stakes on Exploding Frontlines

June 19, 2025
Opinion

A Celebration of Shared Struggle and Future Aspirations

June 17, 2025
Opinion

A Strategic Leap, Not Just A Flight

June 16, 2025
Opinion

Russia Day 2025

June 15, 2025
Next Post

Drowning Balochistan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Business & Stock

Gwadar Port is completely functional, says minister

by MM News Staff
July 1, 2025
File photo
Transport

BRT Peshawar increases bus fares

by MM News Staff
July 1, 2025
NADRA logo
Uncategorized

NADRA announces major services update for citizens

by MM News Staff
July 1, 2025
(File Photo)
Sports

Rashid Naseem breaks another Guinness World Record for fastest punching

by MM News Staff
July 1, 2025
(File)
Business & Stock

Gold price records massive increase of Rs6,600 per tola

by MM News Staff
July 1, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

(File)
Business & Stock

Gold price records massive increase of Rs6,600 per tola

by MM News Staff
July 1, 2025

Gold prices in Pakistan witnessed a massive increase on Tuesday, echoing upward trends in...

Foreign Currency Rates

Foreign currency exchange rates in Pakistan, 1 July 2025

July 1, 2025
Gold Prices

Gold prices surge in Pakistan, following global uptrend

July 1, 2025
Petroleum Price in Pakistan

Petrol price in Pakistan sees major hike amid inflation pressure

July 1, 2025
See all

Transport News

File photo
Transport

BRT Peshawar increases bus fares

by MM News Staff
July 1, 2025

The Peshawar Bus Rapid Transit (BRT) service has increased its fares, effective from today...

Dubai's flying taxi completes first test flight. (Image: Khaleej Times/: Neeraj Murali)

Dubai successfully tests first flying taxi flight

July 1, 2025

Parking is now free of charge on 46 major roads in Karachi

July 1, 2025
(APP)

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

June 29, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.