Islamabad (Web Desk): The federal government has increased the price of petrol by Rs7.45 and high-speed diesel (HSD) by Rs9.56 per litre for the next fortnight due to an “increasing trend in the international market”.
The new fuel prices come into effect from today (July 1).
According to the notification issued by the Ministry of Finance, the price had been worked out by the Oil and Gas Regulatory Authority (OGRA), based on the price variations in the international market.
As per the notification, the petrol price has been increased from Rs258.16 to Rs265.61 per litre, while the price of HSD was increased from Rs267.89 to Rs277.49 per litre.
The changes in fuel prices come for the first time since the announcement of federal budget for fiscal year 2024-25 earlier this month on June 12.
The Finance Division stated that there will be no change in the applicable taxes and duties, which will remain at the existing level, as had been notified by the government in the Budget FY25.