Pakistan again raises petrol, diesel prices. How rates compare with India's?

economictimes.indiatimes.com:

inflation. According to the latest notification, petrol prices have increased by 9.99 Pakistani rupees per liter, setting the new price at Rs 275.60 per liter. High-speed diesel prices have also risen significantly, with an increase of 6.18 Pakistani rupees per liter, bringing the new price to Rs 283.63 per liter. This rise in petroleum prices is expected to have a cascading effect on the cost of goods and services, further straining household budgets and impacting economic stability.

In contrast, petrol and diesel in India are retailing at Rs 94.72 per liter and Rs 87.62 per liter respectively, based on Delhi rates. Currently, one Indian rupee is equivalent to 3.32 Pakistani rupees in currency market.

India vs Pakistan Inflation

Inflation in Pakistan accelerated in June for the first time in six months, driven by increasing energy costs. Consumer prices rose by 12.57% year-on-year, as reported by the Pakistan Bureau of Statistics. This increase aligns closely with the median estimate of a 12.7% rise from a Bloomberg survey and higher than the May's 11.8% increase. Meanwhile, India's retail inflation also saw a rise for the first time in five months, reaching 5.08% annually in June due to rising food prices. This figure is up from the previous month's 12-month low of 4.75%, as shown by government data released on Friday.

Global Brent Prices

Oil prices remained steady in early Asian trade on Wednesday, with global benchmark Brent crude hovering near a one-month low reached in the previous session. This stability is