Pakistan has increased petrol and diesel prices by Rs. 55 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 Rs. 321 per litre (around LKR 414), while high-speed diesel will cost Rs. 335 per litre (around LKR 432).
Officials said the increase was necessary due to rising international oil prices and geopolitical tensions in the region, which have affected import costs and fuel supply chains.
The new fuel prices will take effect from midnight and will remain in force for the next seven days.