The Pakistani government called Thursday’s increase unavoidable as global oil costs climb because of the Iran war and energy market disruptions. The government raised fuel prices by 137 rupees (49 cents) per liter, after already increasing prices by roughly 20% last month.
Pakistan also announced the price of diesel is going up by 54.9%, or 184.49 rupees ($0.67) per liter.
Prime Minister Shehbaz Sharif said the Iran conflict has hit Pakistan’s economy hard and that he is trying to bring Washington and Tehran to the negotiating table.
Source: AP news
