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Pakistan raises fuel cost by 200 percent amid Strait of Hormuz choke

The increase in high-octane fuel prices will not impact public transport fares and air travel costs, ARY News reported

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Pakistan raises fuel prices amid war tensions. Representational Image

Pakistan raises fuel prices amid war tensions. Representational Image

Pakistan decided on Sunday that it would increase the fare of high-octane fuel per litre by Pakistani Rupees (PKR) 200 from PKR 100 to PKR 300, as per ARY News. Pakistani Prime Minister Shehbaz Sharif approved the significant increase in the levy on high-octane fuel used by luxury vehicles. The decision was taken during a high-level meeting chaired by Sharif, where he reviewed matters related to fuel pricing and economic relief.

The increase in high-octane fuel prices will not impact public transport fares and air travel costs, ARY News reported. The meeting was attended by Minister for Law and Justice Azam Nazir Tarar, Finance Minister Muhammad Aurangzeb, Minister for Information and Broadcasting Attaullah Tarar, and Minister for Petroleum Ali Pervaiz Malik, along with other senior government officials.

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