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Oil price crashes worldwide, falls below $11

By Syed Sajid Aziz in USA (Pakistan News & Features Services) The Pakistani consumers are being robbed by the Oil and Gas Regulatory Authority (OGRA) since the deadly pandemic Coronavirus scare gripped the entire world in January this year.  On April 20, oil prices showing its worst ever downfall since 1986, dropped to $11 dollar per barrel and yet no respite in days to come.  The present regime in Pakistan has surprisingly stayed away by extending the price cushion to the end consumers except one-time reduction last month, ripping them off by billions of rupees.  According to Bloomberg, oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global economies threatens to erase an entire decade of demand growth, slashing thousands of jobs and wiping out hundreds of billions of dollars from company valuations.  An interesting situation has emerged here in Maryland, USA that people loudly say that oil prices have become lower than mineral water in ...
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