The federal government has announced a petrol price increase of Rs1.35 per litre for the next two weeks, lasting until November 15.
As per a notification from the Finance Division, the updated price for petrol will rise to Rs248.38 per litre, compared to Rs247.03 in the previous period.
A statement released late Thursday noted, “The Oil and Gas Regulatory Authority (OGRA) has determined the consumer prices for petroleum products in light of fluctuations in the international market.”
Additionally, the price of high-speed diesel (HSD) will go up from Rs251.29 to Rs255.14 per litre, reflecting an increase of Rs3.85.
Conversely, prices for other petroleum products have seen reductions. Kerosene will now be priced at Rs161.54, a decrease of Rs1.48 from the previous Rs163.02. Similarly, light diesel oil will drop by Rs2.61, moving from Rs150.12 to Rs147.51 per litre.
Petrol is primarily utilized for private vehicles, rickshaws, and motorcycles, and the rising fuel costs significantly strain the budgets of middle and lower-middle-class consumers who rely on petrol for daily commuting.
In contrast, high-speed diesel is essential for the transportation sector, being heavily used in trucks, buses, trains, and agricultural equipment, which contributes to inflationary pressures, especially in food prices and other commodities.
