Financial Times FT.com

Pakistan raises fuel prices 12%

By Farhan Bokhari in Islamabad

Published: July 1 2009 06:11 | Last updated: July 1 2009 06:11

Pakistan raised fuel prices by approximately 12 per cent on Wednesday, reflecting a rebound in global crude prices and prompting protests from consumers.

“This raise was essentially in line with global trends. We have to keep up with global prices,” said an official from the ministry of petroleum in Islamabad.

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