Pakistanis Set to Bear the Brunt of Iran-US Conflict as Major Hike in Petroleum Prices Looms
ISLAMABAD: The fallout of the ongoing regional tensions between Iran and the US appears to be reaching Pakistani consumers, with a significant increase in diesel and petrol prices expected for the upcoming week.According to sources, diesel prices could rise by up to Rs 40 per litre, while petrol may become costlier by Rs 10 per…
ISLAMABAD: The fallout of the ongoing regional tensions between Iran and the US appears to be reaching Pakistani consumers, with a significant increase in diesel and petrol prices expected for the upcoming week.
According to sources, diesel prices could rise by up to Rs 40 per litre, while petrol may become costlier by Rs 10 per litre. However, the government is reportedly considering a reduction in the petroleum levy to help cushion the impact on the public and prevent the full burden from being passed on to consumers.
Global oil prices remain closely tied to developments in the region, and any major escalation tends to have a direct impact on oil-importing countries like Pakistan.
