Amidst a period of record-high inflation and economic strain, a wave of relief is finally on the horizon for Pakistani consumers. Following a historic spike earlier this month, domestic fuel prices are projected to undergo a massive downward revision in the coming days. Here is everything you need to know about the expected drop in petrol and diesel prices in Pakistan. Why Fuel Prices are Set to Crash The primary driver behind the anticipated price cut is a dramatic 15% slump in global crude oil prices . This shift follows a breakthrough in regional diplomacy, specifically a Pakistan-mediated temporary ceasefire between the United States and Iran. As geopolitical tensions in the Middle East de-escalated, international benchmarks reacted sharply: · Brent Crude: Dropped by over $15 , settling near $94 per barrel . · WTI (US Crude): Declined by nearly $19 , falling close to $96 per barrel . ...
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