Govt raises fuel prices again for next fortnight
The Finance Division confirmed that petrol prices have been raised by Rs5.36 per litre, while diesel prices have increased by Rs11.37 per litre. This revision will take effect immediately from July 16, impacting millions of motorists and transport operators across the country.
The price of petrol has increased from Rs266.79 to Rs272.15 per litre, while high-speed diesel (HSD) now costs Rs284.35 per litre, up from the previous Rs272.98.
The government stated that the rise in fuel prices is a result of fluctuating international market trends, which have driven up 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 July 1, the federal government had increased petrol and diesel prices significantly for the first fortnight of the month, attributing the hike to global market volatility amid the 12-day Iran-Israel conflict.
Read More: Govt sticks to the script, hikes fuel prices again
Petrol rose by Rs8.36 to Rs266.79 per litre, and high-speed diesel by Rs10.39 to Rs272.98, based on the Oil and Gas Regulatory Authority's (OGRA) recommendation.
Pakistan, which imports around 85% of its petroleum needs, was directly impacted by the Middle East crisis.
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