Brent crude futures rose past $100 a barrel amid concerns over supply disruptions from escalating Middle East conflicts. Traders noted that attacks on shipping routes and energy facilities have increased risks to regional oil flows. While some reports mention specific price fluctuations, the primary consensus involves heightened market anxiety regarding potential interruptions in supply.
Prime Minister Shehbaz Sharif chaired a meeting to coordinate efforts between federal and provincial governments for increasing farm productivity and promoting exports. He directed authorities to seek new global markets and instructed commercial officers abroad to support these initiatives. The briefing noted that agricultural exports reached $5.18 billion in the last financial year.
The Pakistan Bureau of Statistics reported that the Sensitive Price Index increased by 0.23 percent for the week ending September 10. Year-on-year inflation stood at 8.62 percent, driven primarily by significant increases in petrol, diesel, LPG, and onion prices. Of the 51 items tracked, 14 saw price increases while 10 experienced declines.
The federal government increased the retail price of petrol by Rs5.02 and high-speed diesel by Rs5.28 per litre on Friday. These new rates will apply from Saturday, September 12, through Monday, September 14. This adjustment marks the fifth consecutive weekly revision in petroleum product prices.
The federal government increased the price of petrol by Rs5.02 and high-speed diesel by Rs5.28 per litre on Friday. These new rates, effective from September 12 to September 14, set petrol at Rs375.82 and diesel at Rs403.32 per litre. The revisions follow a shift to daily pricing adjustments due to fluctuations in international oil markets.
