Motorists in Pakistan may face a price hike for petrol, with sources indicating a potential increase of around Rs. 3 per liter starting from November 16. While global oil prices have been declining, the strengthening of the US dollar against the Pakistani rupee is likely to offset the impact of lower oil costs.
This potential price increase comes amidst rising inflation and economic challenges in Pakistan. The government has been facing pressure to control fuel prices, but the strong dollar and other economic factors are making it difficult to do so.
If the petrol price increase does take effect, it will likely have an impact on the cost of transportation and other goods and services that rely on petrol. Consumers are advised to be prepared for the potential price hike and consider adjusting their spending accordingly.
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