With Brent crude oil at $5.105 a barrel, the price of oil jumped by 5% on the global market.
WTI crude oil is reportedly being sold at the figure of 10 103, per reports in foreign media.
Additionally, there has been an 11% increase in petrol prices globally.
The price of gas during trade reached 6.20 Doller cents as the worldwide gas price crossed the 6 Dollar per MMBtu mark.