Saudi Arabia has stepped up efforts to restore crude oil supply through alternative routes.
Oil prices in the world market have recorded a downward trend for the third day, with Brent crude oil falling to $102 per barrel.
US crude oil fell below $100, with Emirati crude trading at $118 a barrel after dropping $3.
In Pakistan, the price of diesel has increased by 3 rupees 47 paise per liter while petrol has been reduced by 43 paise per liter.
After the increase in diesel prices, Goods Transport has announced a 7% fare hike.
Due to the increase in rent, there is a fear of further increase in the prices of essential commodities, on which the people demanded relief.