Crude oil low in international market, up in Pakistan

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Crude oil low in international market, up in Pakistan

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Crude oil prices witnessed a drastic drop of $12 a barrel in New York market.

02 October,2011 12:08 pm

Despite crude price oil recorded 11.2 drop in international market during the month of September, increase was imposed in petroleum price in Pakistan.Crude oil prices witnessed a drastic drop of $12 a barrel and ended blow than $80 in New York market.The crude oil price shrank by $11 in London market as well.If dollar will be converted in rupee and ounce in litre, the average price reduction is measured around Rs 6 per litre.During the last three months, crude oil price fell by 17% in international market, highest in a single quarter since 2008.