Latest news with #Rs272.15
Express Tribune
15-07-2025
- Business
- Express Tribune
Govt raises fuel prices again for next fortnight
Government has once again announced an increase in petrol and diesel prices, following a continued upward trend in global crude oil prices and growing economic challenges, according to a notification issued by the Finance Division late Tuesday night. 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.
Business Recorder
15-07-2025
- Business
- Business Recorder
Govt hikes petrol price by Rs5.36, diesel by Rs11.37 per litre
The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre for the next 15 days, raising it to Rs272.15. The rate for high-speed diesel was also increased by Rs11.37 per litre, taking it to Rs284.35 per litre. In a notification, the Finance Division stated that the new prices will take effect from July 16, 2025. In the last fortnightly review, the government had increased the petrol price by Rs8.36 per litre to Rs266.79, and diesel by Rs10.39 per litre, to Rs272.98.
