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This is concerning news. As a small business owner, any increase in fuel prices directly impacts our operating costs and ultimately the prices for customers. It’s a difficult cycle.
Bilkul sahi kaha, Nadeem sahib. This is why we must get serious about developing our own renewable energy sources. Dependence on imported oil makes our economy too vulnerable to events happening thousands of miles away.
This will put more pressure on our foreign exchange reserves and could widen the trade deficit. Has the government released any updated projections on the expected impact?