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.
Govt hikes petrol to Rs458.40, diesel Rs520.35 per litre amid global fuel crisis
