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The government reduced the price of petrol by Rs6 per litre and that of high-speed diesel (HSD) by Rs6.80 on Friday, according to a notification issued by the Petroleum Division. Following the decrease, the price of petrol stands at Rs403.78 per litre and HSD’s at Rs402.78. The Petroleum Division’s press release notifying the decrease said the new prices would be effective from May 23 (Saturday). This is the second consecutive week in which the government has reduced fuel prices. Last week, the prices of petrol and diesel were reduced by Rs5. Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed diesel is mainly used in the heavy transport sector and for large generators. The government has been revising petroleum prices every week on Friday night following the now-paused US-Israeli war on Iran, which began on February 28. The war also led to a global fuel crunch caused by the closure of th...
CHIEF of Defence Forces Field Marshal Asim Munir is embraced by Iran’s Interior Minister Eskandar Momeni upon his arrival in Tehran.—AFP • Rubio says US in constant contact with Field Marshal Munir as the latter arrives in Iran • Notes ‘some progress’ made but insists more work needed • US considers ‘Plan B’ with willing Nato countries over Hormuz • Iran rules out deal if US demands handover of enriched uranium • Qatar joins mediation push in coordination with US • UAE says Iran’s N-programme now top concern ISLAMABAD: Chief of Defence Forces Field Marshal Asim Munir reached Tehran on Friday as efforts to broker an interim understanding between the United States and Iran entered a decisive phase amid cautious hopes that a fragile ceasefire around the Persian Gulf could be stabilised before tensions spiral again. The visit came at a time when negotiations appeared to have moved beyond political signalling into detailed bargaining over a narrow interim framework dealing with the Strait of Hormuz, Iran’s nuclear...10706 items