As the world grapples with surging oil prices driven by escalating tensions in the Middle East, Pakistan faces a worrisome prospect in its energy sector. The world’s energy markets are facing an impending shock as tensions in the Middle East drive global oil prices to new heights. Despite this small reprieve, rising tensions in the Middle East threaten to unleash another wave of oil price increases. The ambiguity surrounding future fuel prices leaves many seeking answers on how these changes will impact their daily lives and business operations. It’s essential to recognise that the factors driving this oil price surge are well beyond the control of the Pakistani government.

Source: The Nation October 25, 2023 20:22 UTC