Pakistan's government has raised petrol prices by Rs3.66 to Rs335.18/litre and HSD by Rs4.80 to Rs383.46/litre, attributing the hike to fluctuating global oil prices and renewed Persian Gulf hostilities. Fuel prices will now be fixed daily by OGRA, a decision opposed by the All Pakistan Dealers Association. This increase is likely to exacerbate domestic inflation, potentially weakening the Pakistani Rupee and boosting gold's appeal as a safe-haven asset.
بحوالہ / Source: www.dawn.com