Govt sets new petrol prices for consumers

The government raised the prices of petrol and high-speed diesel (HSD) by Rs26.77 each on Friday.

Government raises petrol and diesel prices by 26 rupees per liter. High-speed diesel (HSD) jumps from Rs353.42 to Rs380.19. Petrol now costs Rs393.35 per liter. This move shocks drivers as global oil falls. Brent crude dips below $100 per barrel on hopes for Middle East peace. Iran’s Foreign Minister Abbas Araghchi heads to Islamabad late Friday for key talks.

News eases fears over Strait of Hormuz closure and US port blockades. Prices climbed before on war worries that hit Gulf energy flows. Last week, Prime Minister cut HSD by Rs32.12 per liter while holding petrol steady. Motorists in Lahore, Karachi, and Islamabad face sticker shock at pumps. Bikes, cars, and trucks guzzle more cash now.

Rickshaws and buses pass costs to riders, sparking commute woes. Families tighten belts on higher fuel bills. Inflation bites harder amid daily needs. Traders eye freight jumps that lift goods prices. Government balances import costs and taxes. Subsidy cuts aim to ease budget strain. Officials watch talks for next review.

Public gripes fill social media. Drivers urge relief as global trends favor drops. Talks could bring future cuts if peace holds. Pakistan imports most oil, so world shifts hit fast. Watch for quick changes post-visit.