Petrol prices in Pakistan fluctuated throughout the COVID-19 epidemic due to changes in the global oil market and the country’s economic circumstances.
Prices first fell as a result of lower demand during the lockdowns and limitations.
Utilizing this circumstance, the government lowered fuel taxes to help businesses and consumers
However, because of growing global oil prices and the government’s need to stabilize revenue, petrol prices progressively rose as restrictions loosened and economic activity restarted.
Periodic price modifications were also caused by other factors like supply chain interruptions and currency devaluation.
Although the government took steps to lessen the effects on consumers, the volatile pricing of gasoline caused problems for both individuals and businesses, impacting transportation expenses and the stability of the economy as a whole.
In general, Pakistan’s gasoline prices throughout the COVID-19 period showed a dynamic pattern that was impacted by both local and international forces, which in turn had an effect on the country’s people and economy.
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