THE sharp increase in the domestic price of petrol and diesel is an unavoidable correction amid external price shocks triggered by the US-Israel war on Iran. That the petrol price was reduced by Rs80 in less than 24 hours shows political pressure and confusion in officialdom. Alongside the fuel price adjustments, the government has also ordered early market closures to conserve energy and announced targeted subsidy for motorcycle owners, farmers and transporters. For weeks, the authorities had r...