Pakistan, Nov. 3 -- The government said on Monday that oil refineries would bear a burden of approximately Rs15 billion each month, which would allow petrol to be sold Rs15 cheaper than what it was in the global market amid the US-Israeli war on Iran.

The statement came at a press conference in Islamabad addressed by Petroleum Minister Ali Pervaiz Malik and Information Minister Attaullah Tarar.

Addressing the conference, Malik said that Prime Minister Shehbaz Sharif had made efforts to meet with oil refineries and consult with them regarding interventions to ensure that people got the cheapest petrol amid impending steep fuel price increases, including an increase of about Rs15 that would have taken effect on Friday.

"I am grateful to ...