Federal Minister for Information Ataullah Tarar said rising tensions in the Middle East have caused an inevitable increase in petroleum product prices. Speaking in Lahore at the fourth death anniversary of former President Rafiq Tarar, he highlighted the global oil market surge.
Tarar explained that escalating conflicts and geopolitical instability in the region have directly impacted international oil prices, creating challenges for the Pakistani government in managing domestic fuel costs. He noted that global developments leave little room to prevent price adjustments.
Read more: Pakistan raises petrol, diesel prices by Rs55 per liter
Despite the rise, the minister assured citizens that the government is making efforts to minimize the burden on the general public. Measures are being taken to provide maximum relief and maintain essential supply of petroleum products across the country.
He emphasized that authorities are monitoring market conditions closely and coordinating with relevant stakeholders to ensure fuel availability remains stable. Tarar also mentioned that temporary adjustments and subsidies may be used to ease the impact on households and businesses.
Read more: Fuel prices skyrocket as ME tensions weigh on markets
The minister warned that continued instability in the Middle East could further affect global oil prices. He urged the public to remain patient while the government works to balance market fluctuations and protect consumer interests.