Pakistan's fuel sector is under strain as international petroleum product prices surge, coinciding with a government shift to daily pricing that has angered dealers, who are threatening strikes. Commercial stocks of petrol and diesel have significantly declined, raising concerns about potential shortages within weeks, exacerbated by risks to crude oil imports via the Strait of Hormuz and Bab el-Mandeb. The situation is compounded by increased domestic demand and a rising import bill, prompting calls for renewed austerity measures. This scenario could intensify inflationary pressures and further weaken the PKR against the USD, potentially supporting local gold prices.
بحوالہ / Source: www.brecorder.com