ISLAMABAD (Kashmir English): Petrol and High-Speed Diesel (HSD) prices have significantly increased in Pakistan for the next seven days, the Petroleum Division said on Friday.
According to the notification, the price of petrol has been hiked by Rs13.18 per litre and that of diesel by Rs13.8.
Following the increase, the price of petrol stands at Rs310.71 per litre and HSD at Rs323.30 per litre.
The Petroleum Division said the new prices would be effective from July 11.
The price of kerosene oil has also been increased by Rs11.19 per litre, according to a notification issued by the Oil and Gas Regulatory Authority (Ogra). Following the increase, the new price of kerosene oil has been set at Rs 242.33 per litre.
In the previous weekly review, the government reduced petrol and high-speed diesel prices by Rs1.97 per litre each, fixing the new price at Rs310.71 per litre for petrol and Rs323.30 per litre for diesel.
Global Oil prices fell on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices remained on track to close the week sharply higher.
Brent futures were down 52 cents, or 0.68%, at $75.78 a barrel by 1735 GMT. US West Texas Intermediate crude dropped 83 cents, or 1.15%, to $71.25.
Iranian armed forces launched attacks on US military infrastructure in Gulf states on Thursday after US strikes on Iran’s southern coastal and eastern provinces.
