The federal government has raised petrol prices to Rs320.73 per litre and high-speed diesel to Rs367.21 per litre, effective July 22. This adjustment, notified by the Ministry of Energy, follows the newly introduced daily pricing mechanism in response to international oil market volatility. The price of petrol increased by Rs4.93 and diesel by Rs7.15 per litre. These fuel price hikes are likely to fuel domestic inflation, potentially influencing SBP monetary policy and adding pressure on the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com