Petrol prices may fall further as global oil rates ease: Rana Sanaullah (opens original article in a new tab)

Petrol prices in Pakistan may fall further as global oil prices ease following reduced tensions between the US and Iran, with the government monitoring markets and ensuring price reductions are passed to consumers.

• Global oil prices have eased, potentially leading to lower petrol prices in Pakistan
• Government formed a team to monitor oil market impacts on domestic prices
• Brent crude fell below pre-conflict levels amid US-Iran peace talk optimism
• Government warns against artificial fuel shortages and will pass on price reductions to consumers
• Oil prices surged to $119 per barrel during US-Iran conflict
• Oil marketing companies bought fuel at higher rates during