New rate list of fuel prices displayed after an increase in petroleum prices in Islamabad. — APP/File
Prime Minister Shehbaz Sharif on Friday announced that the government decided against increasing petroleum product prices despite surge in global oil rates, saying the move aimed to ease financial burden on citizens.
The statement comes as the federal government was scheduled to review the fuel prices on March 13 (today).
On March 6, the government had raised petrol and diesel prices by Rs55 per litre each as surging global oil prices, fuelled by the US Israel war with Iran, put pressure on domestic energy costs.
This is a developing story and is being updated with further details.
