Pakistan's petrol stocks have fallen to a 14-day cover, causing alarm among oil supply chain players. The government is addressing procedural issues and discouraging hoarding as global oil prices surge due to US-Iran hostilities, leading to higher import premiums. Petrol consumption also rose significantly in early July following price cuts, while oil marketing companies face Rs66 billion in pending claims and customs clearance hurdles. This situation could exacerbate domestic inflation and pressure the USD/PKR exchange rate, potentially supporting local gold prices.
بحوالہ / Source: www.dawn.com