Petroleum Minister Ali Pervez Malik announced that Pakistan's oil cargoes, previously stuck at Bab-al-Mandeb due to Houthi attacks, have safely cleared. This, combined with easing global crude oil prices, suggests a potential decline in petrol and diesel rates. The government has implemented a transparent pricing formula, based on weekly international averages, expected to lead to price improvements soon. Lower fuel prices could help mitigate inflation in Pakistan, potentially easing pressure on the PKR and indirectly influencing local gold demand.
بحوالہ / Source: www.dawn.com