Petrol hits Rs335.18, diesel climbs to Rs383.46

The federal government has increased the prices of petrol and high-speed diesel (HSD) in its latest fuel price revision.

The federal government has increased the prices of petrol and high-speed diesel (HSD) in its latest fuel price revision.

According to an official notification, the price of petrol has been increased by Rs3.66 per litre, while HSD has gone up by Rs4.80 per litre. The new prices will take effect from July 25.

After the increase, petrol will cost Rs335.18 per litre, while high-speed diesel will be available at Rs383.46 per litre.

The government revised fuel prices after changes in international oil markets. Global crude prices have remained unstable due to tensions in the Persian Gulf.

Petrol is mainly used by private vehicles, motorcycles and rickshaws. Any increase directly affects daily commuters and middle-income families by raising transportation costs.

High-speed diesel is widely used by trucks, buses, agricultural machinery and power generators. A rise in diesel prices increases freight charges and production costs. This can eventually lead to higher prices of food and other essential goods.

The government has also introduced a daily fuel pricing mechanism. Under the new system, fuel prices will be adjusted every day based on international oil prices and market trends instead of weekly revisions.

The decision has faced criticism from petroleum dealers. They say daily price changes could create uncertainty for businesses and consumers. Dealer associations have indicated they may announce a protest plan against the new pricing system.