Diesel Crunch to Worsen, Threatening Global Inflation Targets

Global industry officials at the APPEC conference in Singapore caution that the worst of the diesel crisis is yet to come, with refining capacity falling short. This tightening market is expected to sustain high fuel prices, driving up the cost of goods and complicating central banks' efforts to control inflation. For Pakistan, sustained high global fuel prices could exacerbate imported inflation, putting pressure on the Rupee against the Dollar and potentially increasing local gold demand as an inflation hedge.

بحوالہ / Source: oilprice.com