Islamabad (HRNW)- Crude oil prices have surged again in the global market, increasing concerns for energy-importing countries like Pakistan.
According to reports, Brent crude oil rose by $5.13 per barrel, reaching $95.51, while US crude oil prices increased by around 7 percent to $89.80 per barrel.
Experts attribute this rise to geopolitical tensions, supply uncertainties, and growing global energy demand, warning that the impact could be felt across multiple sectors.
The increase in oil prices is expected to directly affect petroleum products, inflation, and overall economic stability, potentially adding to the financial burden on consumers.
Public and business communities have expressed concern that continued price hikes may lead to higher costs of fuel, transportation, and essential goods, intensifying economic pressure on the general population.
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