Pakistan's government has raised petrol by Rs5.44 to Rs316.15/litre and diesel by Rs31.05 to Rs354.35/litre, effective for three days. This increase reflects higher import premiums and global prices, driven by renewed regional tensions. Petroleum Minister Ali Pervaiz Malik announced daily fuel price revisions going forward, citing international market fluctuations and hostilities in the Persian Gulf. These significant fuel price hikes are likely to fuel inflation and could put further pressure on the Pakistani Rupee, potentially supporting local gold prices.
بحوالہ / Source: www.dawn.com