The price of petrol has been raised by Rs5.44 per litre, while high-speed diesel has become Rs31.05 per litre more expensive, says notification

Attaullah Tarar says recent increase in global oil prices was driven by international geopolitical tensions

The anticipated increase comes after a sharp rise in international crude oil prices, driven by escalating tensions between Iran and the United States, which have pushed global energy prices higher

Under the proposed system, OGRA will become solely responsible for determining the prices of petroleum products each night

New price of jet fuel has been fixed at Rs251.02 per litre after the latest increase, the official sources say

The federal government has withdrawn a number of fuel-saving restrictions imposed on public sector operations, confirms a notification issued by the relevant officials

LCCI President Faheem Ur Rehman Saigol calls it a supportive step for economy and business activity