The federal government has implemented new fuel prices, lowering petrol to Rs315.80 and raising high-speed diesel to Rs360.06 per litre, effective July 21, 2026. This adjustment marks the introduction of Pakistan's daily petroleum pricing mechanism, replacing weekly reviews to better reflect international oil market changes. The move aims to align domestic fuel costs with global prices and import expenditures. For gold and currency markets, these fuel price changes, particularly diesel's increase, could contribute to inflationary pressures, potentially influencing the USD/PKR exchange rate and local gold demand.
بحوالہ / Source: www.brecorder.com