ISLAMABAD: Pakistan’s government increased the prices of petrol and high-speed diesel (HSD) on Tuesday, a notification by the energy ministry said, as the country shifts to daily fuel price revisions due to global market volatility caused by renewed fighting between the United States (US) and Iran. The US and Iran have exchanged attacks for the past 10 days, constraining fuel supplies through the Strait of Hormuz maritime route. Nearly 20 percent of the world’s oil and gas supplies passed through the strait before the war between the US and Iran erupted in February.
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