The government attributed the skyrocketing oil prices and the resulting fuel crisis to the US-Israeli war on Iran, which commenced on February 28, 2026. Other options are not cited as the primary driver of this specific crisis. [Source: https://www.dawn.com/news/1988282/petrol-price-reduces-to-rs378-per-litre-as-govt-cuts-levy-by-rs80, 03 Apr 2026]
64492
Consider the following statements about the fuel price adjustment on July 3, 2026:
1. The price reduction was implemented to pass on the impact of lower global prices.
2. The government increased the petroleum levy, which prevented a larger decrease in fuel prices.
3. The ex-depot price of high-speed diesel was set at Rs309.50 per litre.
Which of the statements given above is/are correct?
All three statements are factually accurate. The price cut was a response to global trends, the levy increase mitigated a larger price drop, and the new HSD price was officially set at Rs309.50. [Source: https://www.dawn.com/news/2012738/govt-slashes-petrol-diesel-prices-by-rs197, 03 Jul 2026]
64493
Consider the following statements about the fuel pricing policy in Pakistan:
1. The government transitioned to a daily fuel pricing mechanism due to international market volatility.
2. The Petroleum Division announced that fuel prices would be fixed weekly starting from July 2026.
3. Regional hostilities in the Persian Gulf have been cited as a primary factor for the recent price fluctuations.
Which of the statements given above is/are correct?
Statement 1 and 3 are correct as the government moved to a daily pricing mechanism due to regional hostilities. Statement 2 is incorrect because the government moved to a daily, not weekly, pricing mechanism. [Source: https://www.dawn.com/news/2017065/govt-decreases-petrol-price-by-rs035-increases-diesel-by-rs571-per-litre, 20 Jul 2026]
64494
Which political party is led by Bezalel Smotrich, the Finance Minister involved in the recent settlement expansion plan?
Bezalel Smotrich is the head of the Religious Zionism party, which draws significant support from the settler population in the West Bank. The party is known for its opposition to Palestinian statehood. [Source: https://www.dawn.com/news/2016519/palestinian-teen-footballer-dies-after-being-shot-during-settler-attack-in-occupied-west-bank, 18 Jul 2026]
64495
Consider the following statements about the fuel price management in Pakistan during 2026:
1. The government implemented a targeted fuel subsidy programme to assist the public.
2. The Prime Minister slashed the petroleum levy by Rs80 per litre on April 3, 2026.
3. Global fuel market volatility was triggered by the conflict involving Iran.
Which of the statements given above is/are correct?
All three statements are factually accurate based on the events of 2026. The government introduced a targeted subsidy, the Prime Minister reduced the levy by Rs80 per litre on April 3, and the regional conflict involving Iran is the identified driver of global fuel market instability. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
64496
What is the approximate monthly sales volume of petrol and high-speed diesel in Pakistan?
Petrol and high-speed diesel are the major revenue earners, with monthly sales ranging between 700,000 and 800,000 tonnes. In contrast, kerosene demand is significantly lower at approximately 10,000 tonnes. [Source: https://www.dawn.com/news/2012738/govt-slashes-petrol-diesel-prices-by-rs197, 03 Jul 2026]
64497
Which of the following individuals was NOT reported as being present at the meeting between the President and the Prime Minister on June 8, 2026?
All three individuals listed (Bilawal Bhutto Zardari, Syed Murad Ali Shah, and Raja Pervaiz Ashraf) were explicitly mentioned as attendees at the meeting. Therefore, none of the options provided are correct as a 'not present' individual. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
64498
Which regulatory body has been tasked with the responsibility of determining fuel prices on a daily basis?
The Oil and Gas Regulatory Authority (OGRA) was granted the mandate by the cabinet and the prime minister to decide fuel prices daily based on international market trends. NEPRA is responsible for electricity regulation, not fuel pricing. [Source: https://www.dawn.com/news/2017065/govt-decreases-petrol-price-by-rs035-increases-diesel-by-rs571-per-litre, 20 Jul 2026]
64499
Who currently serves as the Finance Minister of Pakistan as of June 2026?
Muhammad Aurangzeb is the incumbent Finance Minister of Pakistan. Ishaq Dar serves as the Deputy Prime Minister and Foreign Minister, while Azam Nazeer Tarar is the Law Minister. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
64500
Which minister briefed the President on his recent diplomatic visit to Iran during the June 2026 meeting?
Interior Minister Mohsin Naqvi provided the briefing regarding his recent visit to Iran and regional diplomatic engagements. While the Foreign Minister was present at the meeting, the specific briefing on the Iran visit was attributed to the Interior Minister. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
