Pakistan Minister Warns Fuel Price Could Hit Rs1,000/Litre Amid Shortage Risk

Minister Malik highlighted government efforts to ensure uninterrupted fuel supplies despite severe resource constraints and an 80% rise in international oil prices since March 1, compared to a 50% increase in Pakistan. He also committed to managing LNG supplies to prevent winter gas shortages, even with significant import costs. Such warnings about potential extreme fuel price hikes underscore inflationary pressures and economic vulnerabilities, potentially exerting long-term pressure on the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com