Skyrocketing crude prices could push Pakistan's monthly oil import bill to $600 million
Pakistan's monthly oil import bill could surge to $600 million as West Asian tensions push global oil prices past $100 a barrel. The government is preparing contingency plans, seeking IMF relief on petroleum levies, and exploring alternate fuel routes. This comes as fuel prices in Pakistan have already risen by approximately 20%, intensifying economic strain and concerns about further inflation.
Pakistan's monthly oil import bill could surge to $600 million as West Asian tensions push global oil prices past $100 a barrel. The government is preparing contingency plans, seeking IMF relief on petroleum levies, and exploring alternate fuel routes. This comes as fuel prices in Pakistan have already risen by approximately 20%, intensifying economic strain and concerns about further inflation.
