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Mon, Jun 8, 2026

Oil prices rise sharply

Govt raises light diesel price, cuts kerosene rate

ISLAMABAD: Oil prices have once again risen sharply in the global market.

The price of US crude oil has increased by 3.13% in the global market, after which US oil is trading at $93.67 per barrel.

The price of British crude oil Brent crude has increased by 2.50%, after which its price per barrel has reached $95.59.

Experts say that if tensions increase in the region, oil prices may increase further.

It should be noted that petrol prices have decreased in Pakistan for the last two weeks, but if oil prices continue to increase in the global market, the price of petrol and diesel in Pakistan may also increase.

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