Pakistan's interim government raised fuel prices about 7 percent Saturday, a decision likely to spark public anger at a time when food prices are also rising.
The hike by the Pakistan Oil and Gas Regulatory Authority came as world oil prices continue to hover at record highs.
Light, sweet crude for April delivery on the New York Mercantile Exchange traded at $110.21 a barrel at market close on Friday.
It was the second hike in state fuel prices in Pakistan in as many weeks. Before March 1, prices remained level for about 13 months.
A.R. Kamal, an …
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