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Govt May Unfreeze Fuel Prices as Global Oil Surge Intensifies
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Govt May Unfreeze Fuel Prices as Global Oil Surge Intensifies

The government may be forced to unfreeze petroleum prices as global oil rates continue to surge, driven largely by escalating tensions in the Middle East. Officials indicate that while authorities had initially tried to shield consumers from rising costs, sustaining the price freeze is becoming increasingly difficult. Prime Minister Shehbaz Sharif had earlier rejected proposals...

Pakistan Cuts Diesel Price by Rs14 While Petrol Price Stays the Same
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Pakistan Cuts Diesel Price by Rs14 While Petrol Price Stays the Same

The government of Pakistan has announced a significant cut in the price of high-speed diesel (HSD), slashing it by Rs14 per litre for the current fortnight. In contrast, petrol prices remain unchanged, according to the latest notification from the Petroleum Division.   The reduction reflects movements in global oil markets and recommendations from the Oil...