Pakistan's government raised petrol prices by Rs14.92 per litre (to Rs414.78) and high-speed diesel by Rs15 per litre (to Rs414.58) effective May 9, following escalating global fuel costs tied to the US-Israeli military campaign against Iran and closure of the Strait of Hormuz. The increases reflect volatile weekly price adjustments announced since late February and reverse earlier government price cuts, directly affecting private transport, small vehicles, and heavy transport sectors dependent on lower-income populations.