Business

Why Petrol Prices in Pakistan Do Not Fall Immediately When Global Oil Prices Drop

Global crude oil prices can fall sharply in a short period, but Pakistani consumers may have to wait before those international price declines are reflected at local petrol stations. Brent crude recently dropped below $100 per barrel, raising expectations of lower fuel prices. However, changes in the international oil market do not immediately translate into…

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Business

Saudi Arabia Warns Oil Prices Could Reach $180 per Barrel Amid Middle East Tensions

Saudi Arabia has issued a warning that global oil prices could surge to as high as $180 per barrel if the ongoing conflict in the Middle East continues to disrupt supply chains, according to a report by the Wall Street Journal. Emerging assessments suggest that oil prices could climb steadily in the coming weeks, potentially…

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