Govt Raises Petrol and Diesel Prices by Rs26.77
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The federal government has increased the price of petrol and high-speed diesel by Rs26.77 per litre, effective from midnight on Friday night.
According to the details, petrol now costs Rs393.35 per litre, while high-speed diesel has been set at Rs380.19 per litre under the latest revision.
The Petroleum Division issued an official notification confirming the revised prices in the petroleum products, which apply for the week beginning April 25.
The government has adopted a weekly fuel pricing mechanism on Friday nights, a policy introduced after the US-Israeli military campaign against Iran began on February 28.
That US-Iran conflict triggered a global fuel shortage after the Strait of Hormuz was closed, cutting off a waterway that carries one-fifth of the oil and gas supply in the world.
The weekly revision policy remains in place, though the US-Israeli war on Iran has since been paused, according to the Petroleum Division press release.
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