As Pakistan plans for the impending general elections on February 8, there's a worry about a potential increase in petroleum and diesel prices. The caretaker government, led by PM Anwaarul Haq Kakar, has been lessening oil costs, however presently there's discussion of a raise of Rs 9 per litre.
Assuming this choice goes through, it would be the first time petroleum and diesel prices have gone up since November 1, 2023. Experts think the on-going situation is extraordinary this time, connecting the potential value climb to late occasions in the workd.
Attacks on ships in the Red Sea by Houthi rebels in the Middle East have made worldwide oil costs go up.
