Crude oil prices have recently witnessed a dip in the worldwide market, with Brent crude futures declining to $82.12 per barrel in the US.
West Texas Intermediate crude is dropping to $76.95. This downturn, however, spells potential trouble for consumers in Pakistan, as petroleum product prices are expected to surge.
Reports suggest a possible increase of Rs 7 per liter before the upcoming general elections. The global market has experienced a shift, with petrol prices climbing from $83 to $89, high-speed diesel rising from $93 to $97, and crude oil jumping from $76 to $80 per barrel.
As a result, consumers and policymakers alike in Pakistan may need to brace for higher costs soon.
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