Petroleum Prices Increased Sharply – New Rates Effective Immediately

The government has announced a significant increase in petroleum product prices, as per an official notification issued by the Ministry of Finance. The decision comes amid rising global crude oil prices and a depreciation of the local currency.

According to the notification, the price of High-Speed Diesel (HSD) has been increased by Rs. 10.39 per litre, raising it from Rs. 262.59 to Rs. 272.98 per litre.

Similarly, the price of petrol has gone up by Rs 8.36 per litre, taking the new rate from Rs 258.43 to Rs 266.79 per litre.

The Ministry of Finance stated that the revised prices will be applicable for the next 15 days, starting immediately from July 1.

Sources indicate that a carbon levy of Rs. 2.50 per litre has also been imposed on petroleum products as part of the new pricing.