The federal government on Friday reduced petrol and diesel prices by Rs5, according to a notification issued by the Petroleum Division. According to the notification, the revised prices will take effect from May 16. Following the decrease, the price of petrol stands at Rs409.78 per litre and that of HSD at Rs409.58. Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed diesel is mainly used in the heavy transport sector and for large generators. The government has been revising petroleum prices every week on Friday night following the now-paused US-Israeli war on Iran, which began on February 28. The war also led to a global fuel crunch caused by the closure of the Strait of Hormuz, through which one-fifth of the world’s supply of oil and gas used to pass in peacetime. Last week, the government approved a hike of Rs14.92 per litre in petrol and Rs15 on HSD prices. After the US-Israeli war o...
While Donald Trump and Xi Jinping were hailing their friendship for the cameras, it was less amicable for the rival Chinese and US security services. From a standoff over a US Secret Service agent’s weapon to a US staffer trampled during a melee, tensions bubbled to the surface throughout Trump’s visit to Beijing. The mutual distrust was underscored when US officials made the staffers and media, including an AFP reporter, board Air Force One, hand over all badges and pins given to them by the Chinese side. Surveillance cameras are seen near a portrait of former Chairman Mao Zedong at Tiananmen Gate into the Forbidden City on May 15, 2026, in Beijing, China. — AFP Along with “burner” phones from the US delegation, the confiscated items were tossed in a trash can at the bottom of the stairs of the presidential jet. For all Xi’s warm words about being “partners not rivals,” this was always a summit between two superpowers with a long history of suspicion. As they vie for supremacy without tipping over into confl...