In response to fluctuations in the international oil market, the federal government announced an increase in fuel prices on Friday, raising the price of petrol by Re1 to Rs257.13 per litre for the next 15 days.
According to a notification issued by the Ministry of Finance, the price of high-speed diesel (HSD) has been increased by Rs7, bringing it to Rs267.95 per litre.
| Products |
Existing Prices |
New Prices | Increase/Decrease |
| High Speed Diesel (HSD) | 260.95 | 267.95 | +7.00 |
| MS (Petrol) | 256.13 | 257.13 | +1.00 |
“The Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for petroleum products in view of recent fluctuations in the international oil market,” the notification stated.
High-speed diesel is extensively used in the transport sector, including heavy goods transport vehicles, trucks, buses, trains, and agricultural machinery such as tractors, tube wells, and threshers. Due to its widespread use, an increase in HSD prices is considered inflationary, as it directly affects the cost of transporting goods and agricultural production.
The rise in high-speed diesel prices is expected to contribute to an increase in the cost of essential commodities, including vegetables and other food items, further burdening the general public.
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