Global oil prices have risen once again, raising concerns about the potential impact on fuel prices in many countries, including Pakistan.
In the international market, Brent crude oil climbed to $93.50 per barrel, while West Texas Intermediate (WTI) was trading at nearly $90 per barrel. The price of Murban crude oil also reached the $90-per-barrel mark.
Market analysts attributed the latest increase to the lack of progress on a potential agreement between Iran and the United States, which could have helped ease supply concerns and stabilize prices.
The rise in global crude oil prices is closely watched in Pakistan, where fluctuations in the international market often influence local petroleum product prices. Although petrol and diesel prices have recently declined in the country, the latest surge in crude oil prices could put upward pressure on fuel rates in the coming weeks.
Meanwhile, fuel prices have also increased in the United Arab Emirates (UAE). The price of Super 98 petrol has been raised from AED 3.66 to AED 3.95 per litre, while Special 95 petrol increased from AED 3.55 to AED 3.83 per litre.
The renewed rise in oil prices highlights ongoing uncertainty in global energy markets and its potential impact on consumers worldwide.
