Global oil prices surged on Wednesday as escalating military tensions involving the United States, Iran, and Saudi Arabia fueled fresh concerns over oil supply disruptions in the Middle East. Investors reacted to reports of missile attacks and military operations, driving both Brent crude and US West Texas Intermediate (WTI) crude prices sharply higher. Brent crude…
Global crude oil prices have surged this week as escalating US-Iran tensions and ongoing geopolitical conflicts raised fresh concerns over global energy supplies. The uncertainty has pushed physical crude cargo prices to their highest levels in nearly two months, with some shipments approaching $110 per barrel. Crude oil cargoes across the Middle East, Europe, and…
The federal government has announced a fresh increase in the prices of major petroleum products, including petrol, high-speed diesel (HSD), and kerosene oil. The revised prices came into effect immediately and, according to official notifications, will remain applicable for one day. The Oil and Gas Regulatory Authority (OGRA) issued the notification confirming the latest fuel…
The federal government has increased the prices of petroleum products after introducing a daily fuel pricing mechanism, replacing the previous weekly review system. According to a notification issued by the Petroleum Division, the revised prices took effect from midnight on Friday and will remain in force until Monday, July 20. Under the new rates, petrol…
Global oil prices climbed by more than 2% after renewed military tensions between the United States and Iran heightened concerns over the security of oil shipments passing through the Strait of Hormuz, one of the world’s most important energy trade routes. The latest escalation has increased fears of a wider regional conflict, with the Strait…
The federal government has announced a significant increase in petroleum prices, raising the cost of petrol by Rs13.18 per litre and high-speed diesel (HSD) by Rs13.80 per litre amid renewed uncertainty in global oil markets. Following the latest revision, the price of petrol has increased to Rs310.71 per litre, while high-speed diesel will now cost…
Global crude oil prices remained volatile as investors continued to assess the impact of economic uncertainty, geopolitical tensions, and supply expectations on international energy markets. According to the latest market data, West Texas Intermediate (WTI) crude was trading at $68.97 per barrel, while Brent crude, the global benchmark, stood at $72.50 per barrel. The fluctuating…
per litre, providing partial relief to consumers following a decline in international oil prices. The revised fuel prices came into effect immediately and will remain applicable until July 10, 2026. According to the official notification, the ex-depot price of petrol has been reduced from Rs299.50 to Rs297.53 per litre, while the price of high-speed diesel…
The federal government has announced a substantial reduction in the prices of petrol and high-speed diesel, offering significant relief to consumers, transporters, and businesses across Pakistan. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs74.28 per litre, bringing the new price to Rs299.50 per litre. Meanwhile,…
Pakistan’s inflation rate surged to 11.7 percent in May 2026, reaching its highest level in 22 months and raising concerns about the country’s economic outlook. According to data released by the Pakistan Bureau of Statistics (PBS), headline Consumer Price Index (CPI) inflation increased from 10.9 percent in April to 11.7 percent in May on a…
