Pakistan's federal government has raised fuel prices, effective July 24, under a revised daily pricing mechanism. Petrol increased by Rs4.40 to Rs331.52 per litre, while high-speed diesel (HSD) rose by Rs3.62 to Rs378.66 per litre. These adjustments reflect changes in international oil markets. The hike in diesel prices is particularly inflationary due to its impact on freight and transportation costs, potentially pressuring the Pakistani Rupee and making gold a more attractive hedge for investors.
بحوالہ / Source: www.brecorder.com