India, April 3 -- Prices of petrol and diesel have significantly spiked in Pakistan in response to the rising global energy prices, caused by the ongoing war in the Middle East.

According to local media reports, the government announced an unprecedented increase of 43 per cent and 55pc in the prices of petrol and high-speed diesel (HSD).

Meanwhile, the price of kerosene has been hiked Rs34.08 per litre to Rs457.80.

Petroleum levy rates were adjusted to limit the increase in diesel prices and its impact on transportation and freight costs. The levy on petrol was increased to Rs160 per litre from Rs105, while it was reduced to zero on diesel from Rs55, sources told Dawn.

Speaking late at night in a national broadcast along with the fina...