Federal Minister for Petroleum Ali Pervaiz Malik on Thursday announced a massive increase in petrol and diesel prices, citing the ongoing Middle East conflict and rising global energy costs.
Addressing a press conference along with Finance Minister Muhammad Aurangzeb, the petroleum minister said the price of petrol was being hiked to Rs458.5 per litre and that of high-speed diesel to Rs520.35 per litre.
“The new petrol price has been fixed at Rs458.40 per litre, marking a rise of Rs137.23 per litre. Diesel will now cost Rs520.35 per litre, up by Rs184.49 per litre,” announced the minister.
