Pakistan on Thursday raised consumer prices for diesel to 520.35 rupees ($1.88) per litre and petrol prices to 458.40 rupees per litre amid rising global oil prices spurred by the conflict in the Middle East.
"It was inevitable to raise the prices due to the international market prices going out of control after the US-Iran war," Pakistan's petroleum minister said late on Thursday.
Pakistan increases petrol, diesel prices by PKR 55 per litre, highest-ever hike amid West Asia conflictThe country's finance minister also separately announced subsidies for intercity transportation of goods and travel, and for small farmers.
($1 = 278.7000 Pakistani rupees)