Pakistan raises fuel cost by 200 per cent on luxury cars as economy buckles amid Strait of Hormuz tensions
Islamabad: As Pakistan continues to face severe financial stress, the government has approved a steep increase in the levy on high-octane fuel. The price will now rise by PKR 200 per litre, taking it from PKR 100 to PKR 300, news agency ANI reported citing ARY News. The decision was cleared by Prime Minister Shehbaz Sharif during a high-level meeting that reviewed fuel pricing and economic measures amid the ongoing crisis in the Strait of Hormuz due to the conflict in the Middle East.ย Luxury vehicle fuel to get costlier Officials stated that the revised high-octane rates will only apply…