ISLAMABAD – The federal government has announced another hike in petroleum prices, marking the second consecutive increase within a month.
As per the latest notification from the Finance Division, the price of petrol has been raised by Rs. 8.36 per liter, bringing it to Rs. 266.79. Similarly, the price of high-speed diesel has surged by Rs. 10.39 per liter, now standing at Rs. 272.98.
Read More: https://theneutral.pk/fbr-sets-minimum-cement-price-following-new-regulations/
In the previous fortnightly review, the government had already increased petrol by Rs. 4.80 per liter and high-speed diesel by Rs. 7.95 per liter.
This latest adjustment comes amid global oil market fluctuations driven by geopolitical tensions. A 12-day conflict that began on June 13, when Israel launched strikes on Iran’s nuclear facilities, had pushed crude oil prices above $80 per barrel. However, prices later dipped below $70 per barrel following the announcement of a ceasefire.
