Following the increase in the price of fuel on local markets, the Ministry of Industry and Commerce (MoIC) said Saturday this is a knock-on effect of higher oil prices on the global market.Abdul Salam Jawad Akhundzada, a spokesman for MoIC, said that the price of fuel in Afghanistan is dependent on global markets, but that efforts are ongoing to keep it from rising.&There are two main reasons why the price of oil has risen in the markets, one is that the war in Ukraine has a direct effect on the world markets and the rates have risen,& said Jawad Akhundzada.He also attributed the work being done on the Salang highway & a key transport route & as having had an impact on prices.&The price of fuel in the world markets was 72 dollars and currently it is 88 dollars, and in the Russian markets, they do not produce high-quality gasoline these days that'sway they do not supply it to their customers,& said Jan Agha Navid, a spokesman for Chamber of Commerce and Investment (ACCI).Meanwhile motorists have appealed to the IEA to lower the cost of fuel.
&Our wish is that the rates should be cheap so that it becomes easier for people,& said one Kabul driver.Meanwhile, the Islamic Emirate has recently started taking steps to drill for oil in the country and to process it locally.
Already, extraction has started in Sar-e-Pul and Jawzjan provinces.The post Afghanistan hit by fuel price hike first appeared on Ariana News.