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Islamabad — Petroleum sector officials have indicated that petrol and diesel prices are expected to increase in the upcoming government review due to fluctuations in international oil markets and rising import costs.
The Ministry of Finance will announce the revised rates in the next fortnightly review. Economists warn that the potential hike could further burden inflation-stricken citizens, impacting transport, goods, and daily essentials.
Authorities said they are monitoring global trends closely but acknowledged that higher crude prices and exchange rate pressures leave limited room to absorb the impact.
