US Vice President JD Vance arrived in Budapest on Tuesday for a two-day visit aimed at supporting Hungary Prime Minister Viktor Orban ahead of the country’s April 12 parliamentary elections, as tensions continue to rise in the ongoing US-Israeli war against Iran. Read More: Massive reshuffle in Foreign Office in the offing Vance, accompanied by […]
energy crisis
PM Shehbaz urges provinces to release funds for fuel subsidies
Shehbaz Sharif has called on all provincial governments to release their allocated funds for fuel subsidies, aiming to support motorcyclists, public transport, and goods vehicles amid Pakistan’s severe energy crisis. Read More: PM Shehbaz launches digital fuel relief for transport sector The federal government recently announced targeted relief measures, replacing blanket fuel subsidies with assistance for specific economic groups. […]
US intelligence assessments suggest Iran unlikely to reopen Hormuz strait soon
WASHINGTON: Recent US intelligence assessments suggest that Iran is unlikely to reopen the Strait of Hormuz in the near future, as it continues to use its strategic position over the vital waterway as leverage against the United States. Read More: US to leave Iran ‘pretty quickly’ and return if needed: Trump According to sources familiar with the reports, […]
Pakistan’s fuel prices increase compared to March 2022
Islamabad – Pakistan’s fuel prices have seen a significant increase compared to March 2022, reflecting both global market volatility and domestic taxation policies. On April 3, 2026, petrol is priced at Rs 458.49 per litre and high-speed diesel at Rs 520.35 per litre, marking a dramatic rise from the rates observed four years ago. Read […]
Not all motorcyclists eligible for fuel subsidy, says finance advisor
Islamabad – Pakistan’s finance advisor Khurram Shehzad has clarified that not all motorcyclists will eligible for the government’s newly announced fuel subsidy. The statement comes as authorities roll out targeted support to help low-income groups cope with rising petroleum prices. Read More: Petrol hike: targeted subsidy announced for motorcyclists and other groups Speaking to the media, Shehzad said that […]
Pakistan raises petrol to Rs458.41 and diesel to Rs520.35 amid global crisis
Pakistan government has announced a steep increase in fuel prices, raising petrol to Rs458.41 per litre and high-speed diesel to Rs520.35 per litre amid a worsening global energy crisis. The move was confirmed by Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb during a joint press conference. Read More: The government has announced […]
The government has announced a significant increase in petroleum prices
The government has announced a significant increase in petroleum prices, marking the largest hike in the country’s history. In a joint press conference, Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb confirmed that petrol prices have been raised by Rs137.24 per litre, bringing the new price to Rs458.41 per litre. Similarly, diesel prices […]
PM Shehbaz Chairs High-Level Meeting on Energy Crisis
Prime Minister Shehbaz Sharif on Thursday chaired a high-level meeting in Islamabad to assess the risk of an energy crisis in light of escalating regional tensions. The meeting brought together top civil and military leadership, including Chief of Defence Forces Field Marshal Asim Munir, senior federal ministers, and chief ministers from all provinces. Participants were […]
Global fuel prices surge after Iran conflict
Fuel prices have risen in more than 85 countries worldwide following escalating tensions involving Iran, triggering widespread increases due to disruptions in global oil supply. Read More: Oil prices surge as Iran attacks energy sites According to reports, the surge in prices has been observed across Asia, Europe, Africa, and North America, as uncertainty surrounding oil shipments intensified. A key factor […]
Trump is okay with Russian oil delivery to Cuba amid crisis
ABOARD AIR FORCE ONE – U.S. President Donald Trump on Sunday night stated he has “no problem” with a Russian oil tanker delivering fuel to Cuba, as the island faces severe shortages caused by a U.S.-imposed oil blockade. Read More: Russia vows support for Cuba after Trump threat “We have a tanker out there. We don’t mind having somebody get […]