Pakistan drastically hikes fuel prices despite mediator role in Iran war
Iran was
Middle East conflict has unleashed turmoil in global energy markets
People fuel their vehicles at a Karachi gas station on April 3. Pakistan’s government has hiked prices for gasoline and diesel amid fallout from the U.S.-Israeli conflict with Iran. © Reuters
ISLAMABAD — Pakistan this week drastically hiked gasoline and diesel prices to the highest levels in any major Asian economy due to the energy market turmoil triggered by the Iran war, even as Islamabad plays a leading role in efforts to mediate an end to the conflict and continues to receive two daily oil shipments through the Strait of Hormuz.
