International oil prices fell sharply on Tuesday, with Western Texas Intermediate (WTI) dropping to $86 per barrel, down by $2 or 2 percent, following a sudden restoration of global supply levels.

Similarly, Brent crude fell by 1.8 percent or $2 to stand at $98 per barrel. UAE crude, which is primarily imported by Pakistan, also declined near $103 within the last 12 hours. The drop comes after Saudi Arabia, Iraq, and secondary suppliers reported up to 7 million barrels per day in supply over the past few days, easing near-term supply concerns.

Despite the recovery in crude oil supply, refined fuel exports remain weak at around 60 percent. This divergence suggests that pressure on refined petroleum products like diesel could persist even as crude prices soften.