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Pakistan: Another fuel price hike piles pressure on suffering citizens

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Islamabad, Jan 15: Pakistan government’s decision to hike petrol price by at least Rs 3.5 per litre from Thursday has invited widespread censure from citizens across the country who are already battling inflation and financial stress.

As per sources in the government, a summary for increase in fuel and petroleum prices has been proposed due to the variation in the global market. Details suggest that the price of light speed diesel may be increased by at least Rs 5 while kerosine oil price may also see a hike of at least Rs 6 per litre.

The proposal to increase prices, submitted by the Federal Petroleum Ministry through a working paper to the Oil and Gas Regulatory Authority (OGRA), recommends major adjustments.

The proposed prices will be reviewed by OGRA before being sent to Pakistan Prime Minister Shehbaz Sharif for the final approval. The revised rates will stay from January 16 to January 31.

This is the second such hike in January 2025. The fuel and diesel prices were increased by Rs 0.56 and Rs 2.96, respectively on January 1 till the midnight of January 15.

The latest move is expected to put more pressure on the masses and the transport sector. Locals argue that the increase in prices dents their monthly budget with a direct impact on the cost of basic utilities.

“Increase in fuel price makes it almost impossible for poor people like me to save enough money at the end of the day and provide my family with food. We suffer every time but the government continues to ignore our suffering,” said a rickshaw driver in Rawalpindi.

While the fortnight revision of fuel prices has invited ire of the citizens, the government maintains that the country’s overall economic position has improved and some good measures could finally be in store for the public in near future.

“We have already brought down inflation levels to a single digit and will continue to work to ensure that it keeps decreasing. Our progress is consistent and the country is surely coming out of its economic turmoil,” said Muhammad Aurangzeb, Federal Minister of Finance.

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Tanker attacked northeast of Saudi Arabia: UKMTO

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London, Oct 17: A tanker has reportedly been attacked 78 nautical miles northeast of Al Jubail, Saudi Arabia, the United Kingdom Maritime Trade Operations (UKMTO) said on Saturday.

The master of the tanker reported being attacked by a rocket-propelled grenade from a small boat, resulting in damage to the aft port quarter, according to the UKMTO.

Crew are accounted for and reported safe, and a complete damage assessment and environmental impact are unknown, said the UKMTO.

Earlier this week, Yemen’s Houthi group said that it had launched a large-scale missile and drone attack targeting an airport and oil facilities in Saudi Arabia. It also vowed to continue strikes against Saudi targets in the coming days.

In a statement broadcast by Houthi-run al-Masirah TV, Houthi military spokesperson Yahya Sarea said the group targeted Saudi energy giant Aramco in Dhahran in the Eastern Province, as well as King Khalid International Airport and an Aramco refinery in Riyadh.

According to Sarea, the operation involved “a large number of ballistic and cruise missiles and drones,” which accurately hit their targets, causing damage and fires.

The Houthi spokesperson said the operation was carried out in retaliation for Saudi Arabia-led strikes on the Houthi-held capital of Sanaa and other areas under the group’s control. He said Saudi-led forces had carried out 2,281 air and missile strikes since the latest escalation began, Xinhua news agency reported.

Sarea vowed that the group’s attacks “deep inside Saudi Arabia” would continue in the coming days, targeting airports and oil facilities. He also renewed a warning to international airlines, civilians and employees to stay away from airports and oil facilities in Saudi Arabia that the group had designated as targets.

The Houthi claim came after the Saudi-led coalition in Yemen said it intercepted six Houthi missiles and three drones heading towards Saudi Arabia on Tuesday. An Aramco administrative building in Dhahran was targeted Tuesday evening, sparking a limited fire, while debris from two cruise missiles intercepted over Riyadh injured four people and damaged 15 homes, Saudi authorities said Wednesday.

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Iran IRGC says supertanker exploded after hitting mine in Hormuz Strait

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The navy of Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Saturday that a “violating” supertanker that sought to cross the Strait of Hormuz through an “unauthorised” route within the preceding hours suffered a “huge” explosion after hitting a naval mine.

The explosion resulted in a “massive” fire on the oil tanker, which had turned off its GPS and radar systems, the navy said in a statement published by the IRGC’s official news outlet, Sepah News.

Carrying more than two million barrels of crude oil, the vessel sought “unauthorised” passage through the strait with the US. military’s support, Sepah News reported, adding that the waterway has been closed, Xinhua News Agency reported.

On Wednesday, the IRGC Navy said a “violating” container ship attempting to pass through the Strait of Hormuz via an “unauthorised and high-risk” route sank earlier in the day after hitting a naval mine south of the waterway.

Speaking to state-run IRIB TV on Tuesday, IRGC Navy Commander Ali Azmaei said his troops are controlling the Persian Gulf and the Strait of Hormuz “round the clock,” while the Gulf of Oman is under the control and supervision of Iran’s navy.

He warned that those violating shipping rules under US “deception or provocation” would face a decisive response from Iran.

Meanwhile, Iran’s President Masoud Pezeshkian on Friday reiterated that his country does not seek to develop nuclear weapons, dismissing anti-Tehran propaganda claiming otherwise as a “lie.”

Pezeshkian made the remarks during a meeting with Georgian Prime Minister Irakli Kobakhidze on the sidelines of the 17th Conference of the Parties (COP17) to the Convention on Biological Diversity in the Armenian capital, Yerevan, according to a statement on his office’s website.

“Iran does not seek to develop nuclear weapons, and we consider the destructive propaganda against our country as a lie,” he said, citing the clear positions of Iran’s late Supreme Leader Ali Khamenei regarding the prohibition of developing nuclear weapons.

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Trump says Russia ‘asked to be represented’ at G20, would ‘love to have’ Putin

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Washington, Oct 17: President Donald Trump said Russia had asked to be represented at the G20 meetings the United States is hosting this year, and that he would welcome Russian President Vladimir Putin.

Asked by reporters at the White House before departing on Marine One whether Putin was coming to the G20, Trump said, “No, no, they asked to be represented. I don’t know if he’s coming. Certainly would love to have him,” he said.

Trump raised the G20 himself while answering a question about fuel prices. “And one more, because on the G20 meetings, you had Russian representatives go to those meetings,” he said.

The United States holds the G20 presidency in 2026. Secretary of State Marco Rubio will host the G20 Foreign Ministers’ Meeting in Atlanta, Georgia, on October 30 and 31, according to the State Department. Trump will host the Leaders’ Summit on December 14 and 15 at Trump National Doral in Miami, Florida, the State Department has said.

Russia and India are both members of the G20. India hosted the grouping’s summit in New Delhi in September 2023.

Trump also said he would like to reach a nuclear deal with China and Russia but is not counting on it happening this year.

On the war in Ukraine, Trump was asked whether he had forgotten that it was Putin who started the war. “Well, you know, I know the details, okay? And at some point I’ll release the details. But I don’t care anything except for one. I want that war ended,” he said.

“25,000 soldiers on average a month are being killed. Last month was 32,000 soldiers,” Trump said. “I deal with both of them. I think they want that war ended there, and I think it’s going to end. That’s all I care about. I want that war to end.”

Asked about restrictions on Ukraine’s use of Starshield, Trump said, “No, we didn’t do that at all.”

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