The federal government has jacked up the petrol price in the country by Rs7.45 per litre from Rs258.16 to Rs265.61 for the next fortnight in line with an “increasing trend in the international market”.
The Finance Division officially notified the latest prices, which it said 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 price of high-speed diesel (HSD) has also been increased by Rs9.56 to Rs277.45 per litre. “The prices of Petroleum products have seen an increasing trend in the international market during the last fortnight,” the official notification read. 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.
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