In bad news for Pakistanis ahead of Eid, petrol price hiked by Rs9.66 per liter

A worker pumps petrol in a car at a fuel station in Rawalpindi on July 16, 2023. (AFP/File)
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Updated 01 April 2024
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In bad news for Pakistanis ahead of Eid, petrol price hiked by Rs9.66 per liter

  • Pakistan’s Finance Division says decision taken due to increasing prices of petrol in the international market
  • Pakistan slashes price of high speed diesel by Rs3.32 per liter due to marginal decline of product’s price in global market

ISLAMABAD: Pakistan has increased the price of petrol by up to Rs9.66 per liter for the next 15 days effective from Monday, a notification by the Finance Division said, adding the move was taken due to the surging price of petrol in the global market.

The price of high speed diesel (HSD), however, has been slashed by Rs3.32 per liter. After the revisions, the new price of petrol is Rs289.41 per liter while the price of HSD is Rs282.24 per liter.

“The price of petrol (Motor Gasoline) has increased in the international market during the last fortnight, while the price of HSD has marginally declined,” the notification read. 

“The government has accordingly decided to revise the existing consumer prices of petroleum products.”

The notification said the price adjustments are in line with the government’s policy of passing on price variations in the international market to the domestic one. 

“The consumer price of HSD has accordingly been decreased once again, after a downward revision in the middle of March 2024,” it said. 

The development comes as Prime Minister Shehbaz Sharif’s government seeks a fresh long-term financial bailout from the International Monetary Fund (IMF). 

Pakistan desperately needs the bailout as it looks to secure external financing to shore up its foreign reserves and stave off a macroeconomic crisis that has seen its reserves plummet and currency weaken significantly against the US dollar in the last two years. 

The South Asian country has hiked petrol and gas prices in the past in line with IMF’s fiscal objectives, triggering a surge in inflation and nationwide protests. 

A new IMF program will mean committing to steps needed to stay on a narrow path to recovery, but which will limit policy options to provide relief to a deeply frustrated population and cater to industries that are looking for government support to spur growth.

Inflation touched a high of 38 percent with record depreciation of the rupee currency under Sharif’s last government from April 2022 to August 2023, mainly due to structural reforms necessitated by the IMF program. Pakistan continues to be enmeshed in economic crisis with inflation remaining high, hovering around 30 percent, and economic growth slowing to around 2 percent.


Pakistan says it is targeting militant infrastructure in Afghanistan as Kabul threatens to hit Islamabad

Updated 07 March 2026
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Pakistan says it is targeting militant infrastructure in Afghanistan as Kabul threatens to hit Islamabad

  • Ata Tarar says Pakistan is carrying out ‘precise intelligence-based operations’ to avoid civilian casualties
  • Afghan defense minister says the underlying dispute between the two sides is over the ‘Durand Line’ border

ISLAMABAD: Pakistan said on Saturday it was conducting intelligence-based operations against militant infrastructure inside Afghanistan while attempting to avoid civilian casualties, as a senior Afghan Taliban official warned Kabul could retaliate by targeting Islamabad if Pakistani forces struck the Afghan capital.

The escalating rhetoric comes as cross-border fighting between the two neighbors intensifies following clashes that began last month when Afghan forces launched attacks on Pakistani military installations along the frontier. Kabul said the assault was retaliation for Pakistani airstrikes targeting what Islamabad called militant camps inside Afghanistan.

Pakistan’s defense minister Khawaja Muhammad Asif said last week the situation had effectively become “open war” between the two countries.

“Pakistan is only targeting terrorist infrastructures and support system with precise intelligence based operations ensuring no collateral damage takes place,” Pakistan’s Information Minister Ataullah Tarar said in a statement.

He challenged the recent claims made by an Afghan defense ministry spokesperson earlier this week who said his country was making significant battlefield gains against Pakistan including the killing of 109 soldiers and the capture or destruction of 14 military posts in large scale attacks.

“These so called attacks by Afghan Taliban in coordination with FAK [Fitna Al Khawarij] Terrorists once again confirm the nexus of Afghan Taliban regime and multiple terrorist organizations operating from within their territory,” Tarar continued. “All such attempts are responded to, immediately and effectively with severe retributive punishment that is swift, precise and effective.”

“The imaginary numbers being floated by Afghan Taliban regime are however not worth any serious comment,” he added.

Tarar said Pakistan’s military campaign — described as Operation Ghazb Lil Haq — had inflicted heavy losses on Afghan Taliban forces.

According to figures shared by the minister, 527 Taliban fighters had been killed and more than 755 injured since the clashes began, while 237 check posts were destroyed and 38 captured and destroyed. He said 205 tanks, armored vehicles and artillery guns were destroyed and 62 locations across Afghanistan had been targeted by air strikes.

Arab News could not independently verify the claims made by either side.

CIVILIAN CASUALTIES

Earlier this week, the United Nations raised concern over the toll of the escalating conflict on civilians.

UN human rights chief Volker Turk said on Friday that 56 Afghan civilians — nearly half of them children — had been killed since hostilities between Pakistan and Afghanistan intensified.

However, Tarar questioned the UN findings, saying its assertions appeared to rely heavily on information provided by Taliban authorities and did not adequately reflect independently verified intelligence.

“Pakistan categorically reiterates that all counter-terrorism operations conducted by its security forces are carried out with the highest degree of precision, professionalism, and responsibility,” he said.

Islamabad has long accused the Taliban government of allowing militant groups, including the Tehreek-e-Taliban Pakistan (TTP), to operate from Afghan soil, a charge Kabul denies.

“Operations are meticulously planned so that civilian areas remain completely safe,” the minister said. “The locations targeted are remote terrorist hideouts and facilities far removed from populated zones, including sensitive areas such as Kabul’s Green Zone.”

AFGHAN WARNING

Meanwhile, Afghanistan’s Defense Minister Mullah Yaqoob issued a warning to Pakistan in remarks circulated by Afghan broadcaster TOLOnews.

“If Kabul lacks peace, there will be no peace in Islamabad. If Kabul is attacked, Islamabad will be attacked,” Yaqoob said in a promotional clip of an interview shared on social media.

Yaqoob rejected Pakistan’s justification that the presence of the TTP in Afghanistan warranted military action and suggested the underlying dispute was over the contested “Durand Line” border between the two countries.

So far, there has been no official response from Pakistan to Yaqoob’s remarks.