Business
Petrol likely to be expensive in Pakistan after global hike in oil prices
In the global market, petrol and diesel prices have increased by $3.14 and $1.14 per barrel respectively.
![Petrol likely to be expensive in Pakistan after global hike in oil prices](/media/84029/conversions/wdw-1280x720.webp)
Islamabad: Due to the increasing tension in the Middle East, a hike in the overall oil prices is being seen in the global market.
After the increase in oil prices in the global market, a slight increase in petrol prices is also expected in Pakistan. According to media reports, it is likely that petrol price will be high by Rs3.55 paise per liter from November 01. While the price of diesel will also increase slightly.
It is pertinent to note that in the international market, petrol and diesel prices have increased by $3.14 and $1.14 per barrel respectively.
Earlier, the caretaker government had lowered the cost of petrol by Rs40 per liter in view of the decline in global oil prices and the strengthening of Pakistani rupee against US dollar.
However, due to the tension in the Middle East, oil prices are continuously increasing in the global market.
-
Business 2 days ago
Pakistan to introduce “secured” currency notes
-
Sports 1 day ago
First Test: Pakistan declare first inning at 448/6 against Bangladesh
-
Business 11 hours ago
Gold prices witness slight increase in Pakistan
-
Regional 1 day ago
Murtaza Wahab inspects water, sanitation, hygeine work in Essa Nagri
-
Business 2 days ago
Gold rates up by Rs300 per tola to Rs261,000
-
Pakistan 1 day ago
Aleema Khan accuses PTI leadership of lacking resolve to free Imran Khan
-
Business 9 hours ago
Saudia airline announces 50 per cent discount for passengers traveling to Pakistan
-
Pakistan 1 day ago
Mubarak Sani Case: SC expunges controversial paragraphs