ISLAMABAD: The government of Pakistan has hiked the petrol price by Rs 7.45 per litre for the next fortnight starting from Monday.
According to a notification issued by the finance division on Sunday, the new price of petrol would be Rs 265.61 per litre from Rs 258.16 per litre.
It said the news prices had been worked out by the Oil and Gas Regulatory Authority (Ogra), based on the price variations in the international market.
“The prices of Petroleum products have seen an increasing trend in the international market during the last fortnight,” the official notification read. The price of the High-Speed Diesel (HDL) has also increased by Rs9.56 per litre. The price of the High-Speed Diesel (HDL) is now set at Rs 277.45, an increase from the earlier price of Rs 267.89.
The government had also hiked the petroleum development levy (PDL) by Rs10 per litre — from Rs60 to Rs70 — in the federal budget for the fiscal year 2024-25.
However, Finance Minister Muhammad Aurangzeb on Sunday clarified that the increased levy on petroleum products was not being imposed immediately.
Earlier, the government had provided a relief of Rs35 per litre by reducing the petrol price in the last four fortnightly reviews.
