ISLAMABAD: The Pakistani government has decided to keep the prices of petrol and diesel unchanged for the next 15 days, the Finance Division said late Sunday.
Pakistan revises petroleum prices every fortnight, but the country’s Oil and Gas Regulatory Authority (OGRA) recommended the government to maintain the prices for the next fortnight.
“Government of Pakistan has decided to maintain the current prices of Petrol and High-Speed Diesel during the fortnight starting from 1st January, 2024,” the Finance Division said in a notification.
A liter of petrol will continue to cost Rs267.34, while high-speed diesel will sell for Rs276.21, according to the notification.
On December 15, the government had cut the price of petrol by Rs14 and high-speed diesel by Rs13.50 per liter.
The finance ministry had attributed the revision to a downward trend in international oil prices and the strengthening of local currency against US dollar.
Pakistan keeps petrol, diesel prices unchanged for next 15 days
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Pakistan keeps petrol, diesel prices unchanged for next 15 days
- Pakistan’s oil and gas regulator had recommended the government to maintain the prices
- A liter of petrol will continue to cost Rs267.34, while high-speed diesel will sell for Rs276.21
At UNSC, Pakistan warns competition for critical minerals could fuel global conflict
- The demand for critical minerals has surged worldwide due to rapid expansion of electric vehicles, advanced electronics and clean energy technologies
- Pakistan’s representative says all partnerships in critical minerals sector must be ‘cooperative and not exploitative’ and respect national ownership
ISLAMABAD: Ambassador Asim Iftikhar Ahmad, Pakistan’s permanent representative to the United Nations (UN), has warned that intensifying global competition over critical minerals could become a new driver of global conflict, urging stronger international cooperation and equitable access to resources vital for the world’s energy transition.
The warning comes as demand for critical minerals and rare earth elements surges worldwide due to the rapid expansion of electric vehicles, advanced electronics and clean energy technologies, with governments and companies increasingly competing to secure supply chains while raising concerns that this may lead to geopolitical rivalries in the coming years.
Speaking at a Security Council briefing on ‘Energy, Critical Minerals, and Security,’ Ahmad said experience showed that the risks of instability increased where mineral wealth intersected with weak governance, entrenched poverty and external interference.
“Access to affordable, reliable and sustainable energy is essential for development, stability and prosperity. The global transition toward renewable energy, electric mobility, battery storage and digital infrastructure has sharply increased the demand for critical minerals,” he said.
“This upsurge has generated new geopolitical and geo-economic pressures. If not managed responsibly, competition over natural resources can affect supply chains, aggravate tensions, undermine sovereignty and contribute to instability.”
In several conflict-affected settings, he noted, illicit extraction, trafficking networks and opaque financial flows have fueled armed conflict and violence, weakened state institutions and deprived populations of legitimate revenues.
“The scramble for natural resources and its linkage to conflict and instability is therefore not new,” Ahmad told UNSC members at the briefing. “Pakistan believes that natural resources must serve as instruments of economic development and shared prosperity, and not coercion or conflict.”
He urged the world to reaffirm the right of peoples to permanent sovereignty over their natural resources, saying all partnerships in the critical minerals sector must be cooperative and not exploitative, respect national ownership, ensure transparent contractual arrangements and align with host countries’ development strategies.
“In order to prevent the exploitation of mineral-producing countries and regions, particularly in fragile and conflict-affected settings, support their capacity-building for strengthening domestic regulatory institutions, combating illicit financial flows, ensuring environmental safeguards, and promoting equitable benefit-sharing with local communities,” he asked member states.
“Promote equitable participation in global value chains. Developing countries must be enabled to move beyond extraction toward processing, refining and downstream manufacturing. Technology transfer, skills development and responsible investment are essential to avoid perpetuating structural imbalances.”










