The petrol price in Pakistan has been jacked up by Rs9.99 per litre for the next fortnight in the light of the rise in oil rates in the international market.
Meanwhile, the government also increased the price of High Speed Diesel (HSD) from Rs277.45 per litre to Rs283.63 with an increase of Rs6.18.
The Finance Division issued a notification for the latest fuel prices worked out by the Oil & Gas Regulatory Authority (Ogra) under the fresh fortnightly review.
| Products | Existing price | New price | Increase/Decrease |
| Petrol | Rs265.61 | Rs275.60 | +Rs9.99 |
| High Speed Diesel (HSD) | Rs277.45 | Rs283.63 | +6.18 |
“The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices, based on the price variations in the international market,” the statement read.
As per the notification, the new fuel prices will come into effect from July 16.
The government had increased the petroleum development levy (PDL) by Rs10 per litre — from Rs60 to Rs70 — in the federal budget 2024-25, further burdening the inflation-hit masses.
However, the Finance Division said that there will be no change in the applicable duties or levies under the new prices which will remain at the existing level, meaning that the PDL remains the same in the latest fuel price review.
This is the second time that the government hasn’t imposed the increased the levy on petroleum products.
More to follow…
