International crude oil prices have climbed close to the $110 per barrel level, increasing pressure on domestic fuel pricing and raising concerns over another possible hike in petrol rates. The upward trend in global markets is being driven by supply constraints and continued geopolitical uncertainty.

Brent is currently headed towards $110. At 2:30 PM (Pakistan Standard Time), it stood at $107, up 2.5 percent. Meanwhile, Western Texas Intermediate (WTI) is up 3 percent at $101 per barrel.

If current trends persist, authorities may review petroleum prices upward in the coming adjustment cycle.

Any increase would add further strain on inflation, as higher fuel costs typically push up transport fares and prices of essential goods across the economy.