Islamabad: From next week, there is a possibility of another increase of up to 15 rupees per liter in the prices of petroleum products. Within a week, the price of crude oil has risen by $5 per barrel from $88 to $93 in the global market.
Following this price surge, the cost of crude oil in Pakistani currency went from Rs 25,344 per barrel to Rs 28,086 per barrel. This marked an increase of Rs 2,742
According to a private TV channel, the rising prices of crude oil in the global market are giving rise to concerns of a new wave of inflation in Pakistan. If the dollar’s value does not decrease further, petroleum product prices may increase further from September 16th.
It should be noted that continuous increases in the prices of petroleum products in Pakistan can lead to further inflation.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
