In Pakistan, it is anticipated that the instability in the Middle East will increase petrol prices. It will increase to Rs. 2.43 per liter for gasoline and a decrease of Rs. 5.65 for diesel. Due to the global shift in oil prices, adjustments have been made.
$90.72 per barrel is the average international petroleum price according to recent pricing predictions through October 26, 2023. When compared to the previously calculated price of $87.74 per barrel, this represents a significant increase.
There are three trading sessions left before the next pricing update, which makes it clear that the direction that fuel prices take in the future will be primarily determined by the movements of the worldwide market exchange rate.
On October 31, 2023, the government is going to issue the most recent pricing update, which will provide further details on fuel prices.
At the time of instability, increase in petrol prices make Pakistanis stressful.
