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Explore Why Petrol is Expensive in Pakistan | Usman Safri with 9,425 views, 175 likes, and 24 comments. Experience the impact of this video content that has captured audience attention.

Although the global oil prices have increased following the US-Israel-Iran Conflict, closure of Strait of Hormuz and Bab el-Mandeb, the petrol and diesel prices in Pakistan have increased unnecessarily. IMF's Extended Fund Facility and the collection of petroleum levy is the fundamental cause of this price hike. This video explains how global oil prices increase, as I have explained with the example of 1973 OPEC Oil Embargo. Amendment in 1961 Petroleum Products Ordinance have given free hand to federal government to increase the petroleum levy as much as it wants. But this is one side of the picture as all the burden is on poor middle class but the bureaucracy, judiciary and the political class is enjoying all things. ──────── References 📑🔗 Check here all sources: https://www.dropbox.com/scl/fi/drd57bf3l569e9m4iwnub/Sources-Petrol-Prices.docx?rlkey=elg3p48n7dro84ucjvldx28r5&st=w7vl5o95&dl=0 ──────── 🌎 Social Links: 🔹Instagram: ➛ https://www.instagram.com/usmansaffri 🔹 X (Twitter): ➛ https://www.x.com/usmansaffri 🔹Facebook: ➛ https://www.facebook.com/usmansaffri 🔹TikTok ➛ https://www.tiktok.com/@usmansafri ──────── ⚠️ Disclaimer: This video is for educational purposes only. It is based on extensive in-depth research and is without any personal opinion. All the references are given above. Viewers are requested to to comment in a decent manner like a gentleman's way.

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