ISLAMABAD (Kashmir (English): The government on Sunday night notified hefty increase in the prices of both petrol and diesel, with the rates climbing by Rs4.80 and Rs7.95 per litre, respectively.
According to a notification by the Finance Division, the new prices have been determined “based on the recommendations of Ogra (Oil and Gas Regulatory Authority) and the relevant ministries.
From July 16, high-speed diesel (HSD), which previously cost Rs254.64 per litre, will now be sold for Rs262.59.
Petrol to cost Rs258.43 per litre
Similarly, petrol, which cost Rs253.63 per litre, will now be available for Rs258.43 per litre.
The experts were expecting petrol and diesel prices would increase for the next fortnight owing to higher international market prices.
Earlier this week, under an IMF commitment, the government announced the imposition of Rs77 per litre petroleum levy and Rs5 per litre carbon levy on furnace oil and Rs2.5 per litre charge on petrol and diesel from July 1.
