Opening Word document…
Prefer predictive evidence—prices will rise
Iqbal 7/14 (Wasim Iqbal, Business Recorder, “Oil prices likely to increase” 7/14/2024. Accessed 7/14/2024. https://www.brecorder.com/news/40312794) wtk
Reports indicate that global crude prices have increased by around $4 per barrel in the last two weeks, while HSD prices have risen by $2 per barrel. Premium on petrol is estimated at $8.76 per bbl and $6.50 per bbl.
This rise in international prices is expected to translate to a domestic increase of Rs7.55 per litre for petrol and Rs3.52 per litre for HSD.
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