The federal government has announced a major increase in fuel prices, raising both petrol and diesel by Rs55 per litre. The decision comes as global oil prices continue to rise due to growing tensions and conflict in the Middle East.
According to the latest notification, the new price of petrol has increased from Rs266.17 per litre to Rs321.17 per litre. Similarly, the price of high-speed diesel has been raised from Rs280.86 per litre to Rs335.86 per litre after the latest review of petroleum prices.
Govt Increases Petrol and Diesel Prices by Rs55 per Litre Amid Middle East Tensions
Officials say the increase was necessary because international oil prices have surged in recent weeks. The ongoing conflict in the Middle East, particularly involving the United States, Israel, and Iran, has disrupted global energy markets and pushed crude oil prices higher.
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