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Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
PM Shehbaz Sharif cut Pakistan's high-speed diesel price by Rs32.12 per litre to Rs353.42, an 8.3 percent reduction tied to falling global oil prices after the US-Iran ceasefire. Petrol was held at Rs366.58 per litre. Further reductions are expected next week as the Strait of Hormuz's reopening continues to push global
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Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
1mo ago · 3 min · Economy
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
2mo ago · 1 min · Economy
PM Shehbaz Sharif cut Pakistan's high-speed diesel price by Rs32.12 per litre to Rs353.42, an 8.3 percent reduction tied to falling global oil prices after the US-Iran ceasefire. Petrol was held at Rs366.58 per litre. Further reductions are expected next week as the Strait of Hormuz's reopening continues to push global
2mo ago · 2 min · Economy
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