The Finance Division on Sunday night notified increases in the prices of both petrol and diesel, with the rates climbing by Rs4.80 and Rs7.95 per litre, respectively.
The finance division stated that the new prices had been determined “based on the recommendations of Ogra (Oil and Gas Regulatory Authority) and the relevant ministries”.
From June 16, high-speed diesel (HSD), which previously cost Rs254.64 per litre, will now be sold for Rs262.59.
Similarly, petrol, which costs Rs 253.63 per litre, will now be available for Rs 258.43.
In the previous fortnight, the federal government had raised the petrol price by Re1 amid largely stable global oil markets.
Petrol is primarily used in private transportation, small vehicles, rickshaws, and two-wheelers. Rising fuel prices significantly affect the budgets of middle- and lower-middle-class households, who mainly rely on petrol for commuting.
On June 2, the International Monetary Fund (IMF) put forward several stringent measures to reform Pakistan’s fiscal policies ahead of the budget 2025-26. The IMF demanded a Rs 2 per litre increase in petrol and diesel prices for cash purchasers, while a Rs 2 reduction for transactions made via debit or credit cards to encourage digital payments.
