Global Oil Prices Jump 6% After Trump Declares Iran Ceasefire Over
Global oil prices climbed sharply on Wednesday after renewed tensions between the United States and Iran reignited concerns over energy…
Tag: oil prices
Government Plans Faster Petrol Price Relief as New Weekly Pricing Mechanism Under Review
The federal government is preparing to introduce a new pricing mechanism for petroleum products that could allow consumers to benefit…
Government Increases Petrol Levy by Nearly Rs. 25 Per Litre Despite Fresh Fuel Price Reduction
The federal government has significantly increased the petroleum levy on petrol by Rs. 24.74 per litre, even as consumers received…
Oil Prices Surge Past $110 After Drone Attacks in UAE and Saudi Arabia
Global energy markets saw a sharp spike on Monday as crude oil prices climbed above the $110 mark following reports…
Government Defends Fuel Price Hike as Petroleum Levy Reaches Rs117 Per Litre
Pakistan’s rising fuel prices once again came under scrutiny after officials from the Petroleum Division attributed the latest increase in…
Oil Prices Biggest Drop Since Pre-War Levels Ahead of US-Iran Talks in Pakistan
Global oil markets witnessed a sharp correction as prices fell to their lowest levels since the Gulf conflict earlier this…
Brent Surges Past $115 as Middle East Conflict Deepens and Supply Risks Intensify
Global oil markets are on edge as Brent Crude surged above $115 per barrel, driven by escalating tensions in the…
Pakistan Outperforms Regional Peers in Fuel Supply Management Amid Ongoing Crisis
Pakistan has demonstrated relative stability in managing its fuel supply chain despite ongoing regional tensions, according to Khyber Pakhtunkhwa Finance…
Dubai Crude Prices Drop Sharply as Iran-US De-escalation Eases Market Fears
Global oil markets witnessed a significant correction as Dubai Crude prices fell close to $110 per barrel following easing tensions…
Global Diesel Prices Cross $140 Per Barrel, Highest Level Since 2022 Energy Crisis
International diesel prices have surged past $140 per barrel, reaching levels not seen since the global energy shock triggered by…
Middle East Conflict Could Push Pakistan’s Inflation to 17% and Widen Trade Deficit: PIDE Report
Escalating tensions in the Middle East could trigger serious economic challenges for Pakistan, particularly if the conflict disrupts global oil…
Global Oil Prices Plunge After Trump Signals Possible De-Escalation in Middle East Conflict
International oil prices witnessed a sharp decline after Donald Trump hinted at a possible “conditional de-escalation” from the ongoing conflict…
International Oil Prices Rebound After France Seizes Russian Tanker
Global oil prices rose sharply on Friday following the seizure of a Russian oil tanker by French authorities in the…