Pakistan could be heading towards another fuel price increase as renewed conflict between the United States and Iran sends global oil prices soaring.
Brent crude has climbed from around $70 to above $85 per barrel within weeks, raising concerns about higher petrol and diesel prices in Pakistan.
In the latest episode of On My Radar with Kamran Khan, economic expert Farukh Saleem explains why oil prices have surged, why Saudi Aramco's record price cuts failed to keep crude lower, and how OPEC+ production decisions are shaping global energy markets.
We also examine whether petrol prices could rise by Rs8 per liter and diesel by Rs48 per liter, how much tax Pakistanis pay on fuel, the government's reported plans for daily fuel price revisions, Pakistan's reported $6.7 billion Saudi energy financing proposal, and what rising oil prices could mean for inflation, imports, foreign exchange reserves, and interest rates.
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