Govt Hikes Petrol by Rs6.39, Diesel by Rs7.83 Amid Global Price Swings

Govt Hikes Petrol by Rs6.39, Diesel by Rs7.83 Amid Global Price Swings

The government has raised petrol prices by Rs6.39 to Rs327.12 per litre and high-speed diesel by Rs7.83 to Rs375.04 per litre, effective July 23. This adjustment reflects fluctuating global oil prices and renewed hostilities in the Persian Gulf. The Petroleum Division announced daily price fixing going forward due to international market volatility. This increase could fuel domestic inflation, potentially impacting the Pakistani Rupee's stability and influencing local gold demand.

بحوالہ / Source: www.dawn.com