Goldman: Diesel Prices to Stay High Through 2027 on Refinery Struggles

Goldman Sachs projects diesel prices will remain high through 2027, citing persistent struggles in refinery capacity to meet global demand. The investment bank suggests elevated margins will be necessary to temper consumption and allow for inventory replenishment. This prolonged period of high fuel costs could fuel inflationary pressures globally, potentially influencing central bank monetary policies. For Pakistan, sustained high diesel prices would likely increase import bills, contribute to domestic inflation, and could exert further pressure on the PKR against the USD.

بحوالہ / Source: www.cnbc.com