Pakistan raises retail fuel prices by about 20% due to Middle East tension - Reuters
Pakistan raises retail fuel prices by about 20% due to Middle East tension Reuters
Coverage by Political Leaning
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Notable Quotes
"The fire that started in a neighbouring country has spread across the entire region. We do not know how long this crisis will continue, and there is no clear timeline for its end."
— Ali Pervaiz Malik , Politician
"In many countries, prices increase automatically, but we tried to pass on the minimum possible impact to consumers and find a balanced solution."
— Ishaq Dar , Politician
"Yesterday, when I filled up petrol, things still felt manageable. But today, I had to refill at Rs 324 per litre. I am doing two jobs, but it’s still not enough to cover the expenses. Life is becoming increasingly difficult."
— Muhammad Nadeem , Other
"Government was aware of the situation. A war is going on between the US and Iran, affecting people around the world. Because of this conflict, petrol prices have increased."
— Aslam Qadri , Other
"Prices keep rising with little hope of falling. They may drop by around 10 per cent, but no more than that. This is making it increasingly difficult for us to survive."
— Sohail Mahmood , Other
"The fundamental issue we face is that we do not know how long this crisis will persist."
— Ali Pervaiz Malik , Politician
"Pakistan is making every effort, in coordination with its partners, to de-escalate the conflict that has virtually become a war situation."
— Ishaq Dar , Politician
"Hope is not a strategy."
— Muhammad Aurangzeb , Politician
"Extraordinary measures for extraordinary situations."
— Muzammil Aslam , Politician
"the country has adequate reserves but must use them carefully amid uncertainty."
— Shehbaz Sharif , Politician
"The fire that started in a neighbouring country has spread across the entire region."
— Ali Pervaiz Malik , Politician
"As soon as the international situation improves, we will reduce prices at the same pace."
— Ali Pervaiz Malik , Politician
"There has been an increase of 50 per cent to 70pc in various products."
— Ishaq Dar , Politician
"but God knows how long it will take."
— Ishaq Dar , Politician
Key People
Ali Pervaiz Malik is the Petroleum Minister of Pakistan.
A commuter expressing concern about rising living costs.
Ishaq Dar is the Foreign Minister of Pakistan.
Finance Minister of Pakistan.
A resident in Lahore affected by rising fuel prices.
Muzammil Aslam is an adviser to the Chief Minister of Khyber Pakhtunkhwa on finance.
Shehbaz Sharif is the Prime Minister of Pakistan.
A commuter commenting on fuel price increases.
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<a href="https://news.google.com/rss/articles/CBMivwFBVV95cUxOM1ZsSjJORi11NmlOeDF3UnNoajN5ZVlqcl8zNDZHeUpDMWp2SmFXYWVfSzBoTWJ4a1ZSN3lyNHZFQmVHamV1TW9lM2NqVFYwaFY0XzVDS1hTWmczTXdLSWo4S2JHZ3dkQkpqdFA5X25mYlhibFlnQUNSVGtsY0Y3VktpMmNlMU5wTDFuMHJQQUJxdTMyTnhDZmVOaHdfaG56emhYZVlhUGNhVkdPU05RQ2c4NmxfSVZ0amNULXVYcw?oc=5" target="_blank">Pakistan raises retail fuel prices by about 20% due to Middle East tension</a> <font color="#6f6f6f">Reuters</font>
Pakistan experienced its first major economic impact from the escalating conflict involving the United States and Israel against Iran, as the government announced a record increase of Rs55 per litre in petrol and high-speed diesel prices.
Pakistan has raised petrol and diesel prices sharply, citing disruptions in the energy market due to ongoing conflict in the Middle East.
The Pakistani government has raised petrol and diesel prices by Rs55 per litre amid escalating Middle East tensions, marking the highest single increase in the country's history.
The federal government has raised petrol and diesel prices by Rs55 per litre as surging global oil prices, fuelled by the US-Israel war with Iran, put pressure on domestic energy costs.
Deputy Prime Minister and Foreign Minister Ishaq Dar says that the Middle East conflict has spilt over and affected the prices of petroleum.
Pakistan Railways has announced a fare increase for passenger and cargo services following a record rise in fuel prices.
Pakistan has increased petrol and diesel prices by Rs55 per litre amid rising global oil prices and escalating tensions in the Gulf region.
Pakistan government in an overnight decision has increased petrol and high-speed diesel prices by PKR 55 per litre each, the highest-ever hike, citing disruptions in the energy market due to ongoing conflict in the Middle East.
Pakistan on Friday raised consumer prices for diesel and petrol about 20%, citing higher oil prices driven by conflict in Iran.
Pakistan sharply increased petrol and diesel prices, citing a surge in global oil rates triggered by the escalating Iran conflict that has begun to disrupt energy supply routes across West Asia.
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