The Pakistani government has authorized Ogra to determine and publish petroleum prices daily, providing transparency on Platts benchmark rates and pricing components. This move aims to align domestic fuel costs with surging international oil prices, which have seen diesel rise from $110 to $140 and petrol from $79 to $100 a barrel due to regional tensions. The decision seeks to counter criticism and clarify the forces driving fuel costs. This increased transparency and alignment with global oil prices could influence Pakistan's inflation outlook and the USD/PKR rate, potentially impacting local gold and silver prices.
بحوالہ / Source: www.brecorder.com