Pakistan government hikes petrol, diesel prices by over Rs13 per litre

The Pakistani government has raised the prices of petrol and high-speed diesel (HSD) substantially, effective Friday. Petrol now retails at Rs310.71 per litre, an increase of Rs13.18, while HSD has climbed to Rs323.30, up by Rs13.80. This marks a significant jump for petrol, which had previously peaked at Rs458.41 on April 3, having started its ascent from Rs266 in early March.

High-speed diesel, crucial for freight transportation, has seen its price come down from a high of Rs520.35 in April, following a surge that began after the US-Iran war on February 28. However, the current increase will still impact transportation costs.

Petrol, primarily used in private vehicles, affects the budgets of middle and lower-middle-class households. The Petroleum Division's announcement highlighted the new prices, noting that HSD is a major driver of inflation due to its widespread use in the transport sector and for large generators. Both fuels are significant revenue generators for the government, with substantial monthly sales.

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The government raised the price of petrol by Rs13.18 per litre and that of high-speed diesel (HSD) by Rs13.8 on Friday.