Petrol prices likely to increase amid global oil crisis

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MG News | October 23, 2023 at 03:17 PM GMT+05:00

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October 23, 2023 (MLN): The surge in global oil prices amid the Middle East conflict suggests an upward trend in petrol and diesel prices, with petrol expected to increase by Rs3.55 and diesel by Rs0.82 per litre.

To note, international petrol and diesel prices have recorded an increase of $3.14 and $1.14 per barrel, respectively.

On the other hand, the Pakistani Rupee (PKR) has recorded a slight gain of around 4 rupees or 1.42% compared to the last fortnight’s weighted average rate of PKR 282.37 per USD.

However, it is pertinent to note that there is still a week left for the next pricing update, thus the future trajectory of these prices will largely hinge on global market dynamics and the exchange rate.

The government will announce the next fortnightly update on October 31, 2023.

Weighted Average Price
  23-Oct 15-Oct Change in %
Brent 91.18 87.46 4.26%
WTI 87.38 85.38 2.34%
Arab Light 94.63 90.66 4.38%
USDPKR 278.35 282.37 -1.42%

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Name Price/Vol %Chg/NChg
KSE100 168,949.14
43.32M 		-0.90%
-1529.80
ALLSHR 101,978.53
214.61M 		-0.88%
-907.01
KSE30 50,391.58
16.88M 		-0.96%
-486.03
KMI30 241,656.05
15.63M 		-0.93%
-2261.81
KMIALLSHR 66,107.98
99.92M 		-0.95%
-635.38
BKTi 45,908.78
4.72M 		-0.88%
-408.69
OGTi 34,775.44
1.96M 		-1.26%
-443.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,660.00 64,325.00
59,600.00 		2145.00
3.54%
BRENT CRUDE 97.43 97.45
95.00 		4.34
4.66%
RICHARDS BAY COAL MONTHLY 122.00 0.00
0.00 		-0.40
-0.33%
ROTTERDAM COAL MONTHLY 134.35 0.00
0.00 		0.35
0.26%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 94.61 94.80
92.20 		4.07
4.50%
SUGAR #11 WORLD 14.12 0.00
0.00 		-0.02
-0.14%
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