Islamabad: Contrary to market expectations, the federal government has raised petrol prices by Rs1.35 per litre for the next two weeks, ending on November 15.
According to the Finance Division’s notification, the new petrol price is now Rs248.38 per litre, up from Rs247.03 previously.
“The Oil and Gas Regulatory Authority (OGRA) has calculated consumer prices for petroleum products based on changes in international market rates,” the Finance Division stated on Thursday.
The price of high-speed diesel (HSD) also rose from Rs251.29 to Rs255.14 per litre, marking an increase of Rs3.85.
However, prices for other petroleum products have been lowered. Kerosene now costs Rs161.54 per litre, down by Rs1.48, while light diesel oil dropped by Rs2.61, bringing it to Rs147.51 per litre.
Petrol is mainly used in private transport, small cars, rickshaws, and motorcycles, affecting middle- and lower-middle-class budgets. Meanwhile, high-speed diesel, widely used in heavy transport vehicles, buses, trains, and agricultural machinery, contributes to inflation as it powers essential sectors.
