Petrol prices are expected to remain unchanged, for the week starting July 11, in Pakistan despite the rising global rates due to escalating tensions between the US and Iran.
The petrol prices are all set to be revised tomorrow night, as part of weekly review mechanism. The new rates will come into effect from July 11.
Last week (July 4) the government reduced the prices by Rs1.97. Currently the petrol prices in Pakistan are Rs297.53 per litre while High-Speed Diesel (HSD) is retailing at Rs309.50 per litre and High-Octane (Euro 5) is available at Rs340.00 per litre.
According to sources, the government is unlikely to make any changes in the fuel prices for the next week.
Global Oil Prices Today
Oil prices climbed for the third consecutive session on Thursday after the United States carried out another round of military strikes against Iran.
US President Donald Trump said on Wednesday that the temporary agreement with Iran aimed at ending the conflict was “over”. However, he later said he did not expect a full-scale war to resume.
Brent crude futures increased by 1% to $78.85 a barrel. The benchmark gained nearly 9% during the week and briefly crossed the $80-per-barrel mark for the first time since June 22.
Gold price in Pakistan rebounds by Rs3,600 per tola as global rates recover
