“Diesel increased by Rs9.56 to Rs277.45 per litre, new prices come into effect from July 1“

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.

The Finance Division officially announced 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. 

Similarly, high-speed diesel (HSD) will now be available for Rs277.45 per litre, Rs 9.56 up from the previous rate of Rs 267.89 per litre.

Finance Minister Muhammad Aurangzeb had clarified earlier today that the increased levy on petroleum products was not being imposed immediately, meaning that the PDL remains the same in the latest fuel price review.

The international prices for petrol and HSD have risen by $4.4 and $5.5 per barrel, respectively, in the last fortnight.