In a recent decision, the caretaker federal government has opted to increase the prices of both petrol and high-speed diesel. This move comes after a previous reduction in petrol prices during the last fortnightly review.
Revised Fuel Prices
|Previous Price (Rs. per liter)
|New Price (Rs. per liter)
This adjustment reflects a significant increase of Rs. 13.55 per liter for petrol and Rs. 2.75 per liter for high-speed diesel.
Fluctuations in Petroleum Prices
The caretaker government had previously reduced the price of petrol by Rs. 8 per liter during the last review, while the high-speed diesel rate remained unchanged. International oil prices and the exchange rate continue to heavily influence petroleum prices in the country.
Petroleum Development Levy Impact
A noteworthy factor contributing to the current prices is the petroleum development levy imposed by the government. Presently, there is a Rs. 60 levy on every liter of both petrol and high-speed diesel.