The Ministry of Finance clarified that Finance Minister Muhammad Aurangzeb did not announce any further petrol price hikes, only briefing the Senate on rising global oil costs.
Reports suggesting new domestic fuel increases are inaccurate. Petrol currently costs Rs321.17/litre after a recent Rs55 rise, while diesel is at Rs335.86/litre. Aurangzeb highlighted global market pressures, LNG import challenges, and potential urea plant closures.
The government continues monitoring prices closely without immediate domestic hikes.
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