India, April 4 -- Pakistan has announced an unprecedented increase of 43 per cent and 55 per cent in the prices of petrol and High-Speed Diesel (HSD), respectively, in response to spiking global oil prices amid the US-Israel war on Iran.

The government made the announcement on Thursday. The price of petrol has been increased by Rs 137.23 per litre (42.7 per cent) to Rs 458.41 from Rs 321.17, while HSD by Rs 184.49 per litre (55 per cent) to Rs 520.35 from Rs 335.86, with immediate effect.

The price of kerosene was also increased by Rs 34.08 per litre to Rs 457.80. The Government also adjusted the petroleum levy rates to limit the increase in diesel prices, as the levy on petrol was increased to Rs 160 per litre from Rs 105, while it was...