Pakistan has increased petrol and diesel prices by Rs55 per litre (around LKR 71) amid rising global oil prices and escalating tensions in the Gulf region.
According to Pakistani media reports, the government approved the price hike following a high-level meeting chaired by Deputy Prime Minister Ishaq Dar and attended by senior cabinet ministers.
Under the revised pricing, the retail price of petrol has been set at Rs321 per litre (around LKR 414), while high-speed diesel will cost Rs335 per litre (around LKR 432).
Officials said the increase was necessary due to rising international oil prices and regional geopolitical tensions affecting import costs and supply chains.
The new fuel prices will take effect from midnight and will remain in place for the next seven days. (Newswire)