Pakistan on Thursday hiked consumer ​prices for diesel and petrol sharply, its second increase in less than ‌a month, amid rising global oil prices spurred by the conflict in the Middle East. The price of diesel would be raised by 54.9% to 520.35 rupees ($1.88) per ​litre, and petrol by 42.7% to 458.40 rupees per litre. “It ​was inevitable to raise the prices due to the international ⁠market prices going out of control after the US-Iran war,” Pakistan’s ​petroleum minister, Ali Pervaiz Malik, said in a news conference telecast on ​state television, along with the country’s finance minister. Last month, the South Asian nation raised consumer prices for diesel and petrol by about 20%, citing higher oil prices driven ​by the U.S.-Israeli war on Iran.

Full report : Pakistan hikes fuel prices sharply amid spiralling Mideast conflict.