Petroleum Minister Ali Pervaiz Malik announced on Thursday that the price of petrol was being raised to Rs458.5 per litre and that of high speed diesel to Rs520.35 per litre.
He made the announcement while addressing a press conference alongside Finance Minister Muhammad Aurangzeb.
At the outset of the press briefing, Malik expressed gratitude to President Asif Ali Zardari, chief ministers of all provinces and the leadership of the ruling party’s allies for their guidance at this “critical time”.
He said energy prices had skyrocketed in the international market due to the ongoing Middle East war. “It has not just engulfed the entire region but the entire world as well,” he added.
The minister stressed the need for discipline and unity at this time, expressing the hope that the “difficult and responsible” decisions that the government had taken today would be seen in the context of the situation in the Middle East.
More to follow
