PM Shehbaz to address nation shortly on Middle East conflict, potential fuel crisis
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Home Says there was recommendation to increase petrol price by Rs95 per litre, high-speed diesel by Rs203 Prime Minister Shehbaz Sharif on Friday said the government once again rejected a summary for a fuel price increase and would absorb the burden of Rs56 billion itself. He addressed the nation on the ongoing Middle East conflict that has triggered a global fuel crisis. PM Shehbaz said he had rejected a summary seeking an increase in petroleum prices and decided to maintain them at the current level for another week. “I was advised to increase the price of petrol by Rs95 per litre and diesel by Rs203 per litre, but I refused again in view of the difficulties faced by the people and decided that the government would bear the cost, amounting to Rs56b,” he said.
Published: March 27, 2026 4:47 pm
Source: The Express Tribune — Read original