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Oil is an international commodity. In other words it is traded in an international scale. International commodities, tend to adjust to international commodity prices. As a result, a country like Pakistan that imports oil from middle east with low transportation cost is forced to pay the international price for oil.

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Oil is an international commodity. In other words it is traded in an international scale. International commodities, tend to adjust to international commodity prices. As a result, a country like Pakistan that imports oil from middle east with low transportation cost is forced to pay the international price for oil.

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