Petrol price expected to increase by Rs7.54 per litre from July 1
Federal government likely to hike price of diesel by Rs9.84 per litre, say energy ministry officials
June 28, 2024
- Diesel price could be hiked by Rs9.84 per litre.
- Petroleum products' prices revised every 15 days.
- Petrol price has been reduced in past four reviews.
ISLAMABAD: The federal government is expected to increase the petrol prices by Rs7.54 per litre and high-speed diesel (HSD) by Rs9.84 per litre from July 1 for the next fortnight, The News reported Friday.
Also, if the petroleum levy of Rs5 per litre is added from July 1, then the price of motor spirit is expected to be hiked to Rs12.58 per litre and diesel Rs14.84 per litre, energy ministry officials told the publication.
The government has also approved, in the federal budget for FY25, to increase the petroleum levy (PL) by Rs10 to Rs70 from the existing Rs60 per litre.
However, the government would stagger the imposition of petroleum levy.
The government, earlier, provided relief of Rs35 per litre by decreasing the petrol price in the last four fortnightly reviews.
The prices of petroleum products are revised every 15 days in Pakistan adjusting them to the trend of global oil prices and the rupee’s exchange rate to the dollar.
The Pakistani rupee has held steady recently.
