Pakistan's government has raised petrol prices by Rs6.51 and diesel by Rs19.39 per litre, pushing retail pump prices beyond Rs400 per litre, in an adjustment coordinated with the International Monetary Fund (IMF) as global oil costs climb. To cushion the blow for lower-income groups, Prime Minister Shehbaz Sharif extended targeted fuel subsidies for motorcyclists and freight and public transport operators by one month, with provinces collectively pooling around Rs200 billion to administer the relief. A separate parliamentary briefing warned that the broader Middle East crisis could cost Pakistan between $10 billion and $68 billion depending on its severity, with knock-on effects including higher inflation, falling remittances, and disruptions to LNG supplies already forcing several hours of daily power outages.