Petrol, diesel prices in Pakistan may increase from February 1, Prices for petrol and gasoline are expected to rise in Pakistan due to the general elections that are scheduled for February 8, Rumour has it that the caretake administration, headed by Prime Minister Anwaarul Haq Kakar, may be thinking of raising the fuel price by Rs 7 per litre, which would be the first hike since November 1, 2023.
What’s causing all of this talk? Recent events in the Middle East, particularly the Houthi rebels’ attacks on ships in the Red Sea, have had an impact on the price of oil globally, However, despite all, the Pakistani rupee’s steadiness vs the US dollar is a bright spot that somewhat lessens the hit.
