Islamabad: The federal government on Tuesday jacked up fuel prices for the third consecutive fortnight, raising petrol by Rs5.36 to Rs272.15 per litre and high-speed diesel by Rs11.37 to Rs284.35 per litre, effective from July 16.
| Products | Existing prices | New prices | Increase |
| High Speed Diesel (HSD) | Rs272.98 | Rs284.35 | Rs11.37 |
| MS (Petrol) | Rs266.79 | Rs272.15 | Rs5.36 |
The hike comes on the back of recommendations from the Oil and Gas Regulatory Authority (Ogra), citing global price fluctuations and adjustments from the relevant ministries.
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Last fortnight, the government had increased petrol by Rs8.36 and diesel by Rs10.39 per litre. The relentless surge has hit the middle and lower-income segments hardest, with petrol being a lifeline for motorbikes, rickshaws, and small vehicles.
Meanwhile, the spike in diesel — a key fuel for freight transport, agriculture, and public transit — is expected to drive up prices of essential goods, including vegetables and other food staples.
