Petrol price up by Rs7.45 per litre, diesel by Rs9.56

Author: Agencies

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.

Share
Leave a Comment

Recent Posts

  • Music

COKE STUDIO SEASON 15 CLOSES WITH “MEHMAN”

Coke Studio Season 15 comes to a close with the release of its eleventh and…

6 hours ago
  • Top Stories

Muharram security in Punjab: Govt to decide social media suspension today

The federal government is set to decide on the Punjab government's request to suspend access…

10 hours ago
  • Business

Diamond Paints Expands Global Footprint with Strategic Partnership in Saudi Arabia

Diamond Paints, Pakistan's leading paint company, has proudly announced the signing of a Memorandum of…

10 hours ago
  • Editorial

IMF Deal in Sight?

Eying a staff-level agreement with the International Monetary Fund (IMF) for a $6 billion bailout…

13 hours ago
  • Op-Ed

Taxing Livestock and Malnutrition

The foundation of Pakistan's economic development is dependent on the strength of animals and agriculture…

14 hours ago
  • Pakistan

Pakistan asks Afghanistan to ensure its soil is not used to export terror

Prime Minister Shehbaz Sharif on Thursday raised the issue of terrorism as a major concern…

21 hours ago