Pakistan Raises Fuel Prices

IslamabadDiesel jumps Rs6.10 to Rs409.42 a litre.

Diesel fuels freight and farming, so the increase reaches food prices within weeks.

Rs114 of every litre is tax, a fixed IMF programme commitment that leaves Pakistan absorbing none of Brent crude’s 22% weekly rise.

Ogra now resets pump prices daily to track those swings.

Sources: Dawn