The Federal government on Sunday increased petrol prices by Rs9.66, taking the rate to Rs289.41 per litre. Similarly, the price of high-speed diesel (HSD) remains unchanged at Rs287.33 per litre. The new prices take effect from April 1, 2024. In the previous review, the government kept the petrol price unchanged and reduced the price of HSD by Rs1.77 per litre. The recent surge in petrol prices is attributed to an increase in premium from $12.15 per barrel to $13.507 per barrel, marking a $1.45 per barrel increment.