Islamabad: The federal government has announced a major increase in petroleum product prices, raising concerns over a fresh burden on citizens and businesses. According to the Petroleum Ministry notification, petrol has been increased by Rs14.92 per litre, taking the new price to Rs414.78 per litre. High-speed diesel has also been raised by Rs15 per litre, with the new price set at Rs414.58 per litre. The hike can directly increase transport costs, goods movement expenses and inflationary pressure across the economy. For real estate and construction, higher fuel prices may push up material transportation costs, project expenses and market uncertainty. Will this fuel hike further pressure household budgets and investment activity?
