Govt hikes fuel prices for next fortnight
The federal government has announced a price hike for petroleum products, raising the cost of petrol by Rs8.36 and high-speed diesel (HSD) by Rs10.39 per litre, according to a notification issued by the Finance Division late Monday night.
The price of petrol has increased from Rs258.43 to 266.79 per litre, while HSD now costs Rs272.98 per litre, up from the previous Rs262.59. The new rates came into effect immediately from July 1.
This adjustment follows recommendations from the Oil and Gas Regulatory Authority (OGRA) and relevant ministries. The government stated that the rise in fuel prices is a result of fluctuating international market trends, which have impacted global oil prices.
Fuel prices in Pakistan are reviewed fortnightly, with adjustments based on changes in international oil prices and the local currency exchange rate.
On June 15, the government also increased the prices of petroleum products by up to Rs7.95 per litre.
Based on the recommendations of the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, the price of petrol was raised by Rs4.80 per litre, while the price of high-speed diesel (HSD) went up by Rs7.95 per litre.
On the other hand, OGRA has also officially issued a notification for a significant increase in gas prices for domestic and other consumer categories, with the new rates coming into effect from July 1, 2025.
The move brings further financial pressure on inflation-hit citizens, as domestic gas tariffs have been revised upward by up to 50% in certain categories.
Read more: Govt raises gas prices by 10% for commercial users
According to the official notification, domestic gas prices have been revised substantially. For household consumers, the new rates will range from Rs200 to Rs4,200 per MMBTU.
In addition to the unit-based charges, OGRA has introduced fixed monthly charges for domestic users.
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