(Web Desk) — The federal government has increased the petrol price by Rs7.45 per litre, raising it from Rs258.16 to Rs265.61, in response to rising international market trends.
The Finance Division, in its official notification, stated that these new prices were determined by the Oil and Gas Regulatory Authority (Ogra) based on international market fluctuations.
In addition to petrol, the price of high-speed diesel (HSD) has also been increased by Rs9.56, taking it from Rs267.89 to Rs277.45 per litre. These new fuel prices will be effective from July 1.
| Product | Existing Price | New Price | Increase/Decrease |
|---|---|---|---|
| Petrol | Rs258.16 | Rs265.61 | +Rs7.45 |
| HSD | Rs267.89 | Rs277.45 | +Rs9.56 |
“The prices of petroleum products have seen an increasing trend in the international market during the last fortnight,” the notification explained.
This adjustment in fuel prices marks the first change since the federal budget for the fiscal year 2024-25 was announced on June 12. Despite the price hike, the Finance Division confirmed that there will be no change in the applicable taxes and duties, which remain at their current levels as set in the Budget FY25.
The government had previously increased the petroleum development levy (PDL) by Rs10 per litre—from Rs60 to Rs70—in the budget, adding to the financial burden on inflation-affected consumers. However, Finance Minister Muhammad Aurangzeb clarified earlier today that the increased levy on petroleum products is not being imposed immediately, keeping the PDL unchanged in the latest price review.
Notably, in the last four fortnightly reviews, the government had provided a cumulative relief of Rs35 per litre by reducing the petrol price.
