Prime Minister Shehbaz Sharif is addressing the nation amid the ongoing Middle East war and its impact on the petroleum crisis. At the outset of his address, the prime minister extended Ramadan and Eid greetings to the nation. He said oil prices have skyrocketed due to the ongoing war The premier said last week that he had received a summary to increase petrol price by Rs50 per litre, and diesel by Rs74 per litre. He said the government had already spent Rs69 billion from the development budget to subsidise petroleum prices. More to follow.