Ahmad Iqbal Warns of Uncertainty in Oil Prices Over Next Two Months

ISLAMABAD: Federal Minister for Planning and Development, Ahmad Iqbal, has expressed concerns regarding the unpredictable trajectory of oil prices in the coming two months, emphasizing that no one can accurately forecast the rate of increase.

During a recent press briefing, Iqbal stated, “The global oil market is highly volatile, and various factors could influence prices significantly. We must prepare for all scenarios.” His comments come amid rising inflation and economic challenges faced by the country, which heavily relies on imported oil.

The implications of fluctuating oil prices are profound for Pakistani citizens, as they directly affect transportation costs and the overall cost of living. Analysts warn that sustained increases could exacerbate the current inflation crisis, putting additional strain on households already grappling with economic hardships.

Looking ahead, the government plans to monitor global oil trends closely and may convene an emergency meeting to discuss potential measures to mitigate the impact on consumers. Stakeholders are urged to remain vigilant as the situation develops.