Rising oil price to fuel inflation in next fiscal
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Rising oil price to fuel inflation in next fiscal
by Noor Bangash Thu Sep 15, 2011 2:12 pm
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KARACHI: The increasing oil prices greatly contributed to the rising prices in the country during the current financial year, Geo News reported Thursday.
The new fiscal year doesn’t seem to bring any good news for the people in terms of oil price and similarly the rates of other commodities.
Comparison of the first 11 months of the current fiscal with those of the last year reveal that international oil prices witnessed a rise of 47 percent while in Pakistan the increase was 28 percent.
KARACHI: The increasing oil prices greatly contributed to the rising prices in the country during the current financial year, Geo News reported Thursday.
The new fiscal year doesn’t seem to bring any good news for the people in terms of oil price and similarly the rates of other commodities.
Comparison of the first 11 months of the current fiscal with those of the last year reveal that international oil prices witnessed a rise of 47 percent while in Pakistan the increase was 28 percent.
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