Govt hikes petrol price by Rs5.36, diesel by Rs11.37 per litre

News Image

MG News | July 16, 2025 at 09:30 AM GMT+05:00

0:00

July 16, 2025 (MLN):The federal government has raised the price of petrol by Rs5.36 per litre to Rs272.15 for the next fortnight, effective July 16, 2025, according to a Monday notification issued by the Finance Division.

Meanwhile, the price of high-speed diesel (HSD) now stands at Rs284.35 per litre after a Rs11.37 increase.

The latest hike has exceeded earlier expectations, as petrol was projected to rise by Rs3–5 per litre but jumped by Rs5.36 instead.

Pakistan raises diesel rates as global oil prices climb; higher import premiums drive adjustment, fueling inflation concerns and prompting fare revisions by transporters.

Pakistan on Tuesday disclosed a hike in fuel prices for the upcoming fortnight beginning July 16, citing rising international oil rates and higher import premiums.

According to a statement from the Ministry of Finance, the ex-depot price of petrol will remain unchanged at Rs266.79 per litre, while high-speed diesel (HSD) will increase by Rs11.37 to PKR 284.35 per litre.

The revision follows an earlier increase on June 30, when petrol rose by PRs8.36 per litre.

Petrol is widely used in motorcycles, rickshaws and private vehicles, and the price hike is expected to squeeze middle- and lower-income households.

Diesel, which fuels heavy transport, agricultural machinery and trains, was last priced at Rs272.98 after a Rs10.39 jump earlier this month.

Economists warn that diesel’s price is particularly inflationary, impacting food transport and other essential supplies. Transporters have already started adjusting fares in response.

Despite zero general sales tax (GST) on petroleum products, the government is collecting nearly Rs98 per litre in total levies.

These include a petroleum development levy (PDL) of Rs78.02 on petrol and Rs77.01 on diesel and HOBC, a climate support levy (CSL) of Rs2.25 per litre, and customs duty of Rs20–21 per litre—applicable on both imported and locally refined fuels.

The new fuel prices will remain in effect from July 16 to July 31, 2025.

Earlier, on July 1, the government had raised petrol prices by Rs8.36 per litre to Rs266.79, and HSD by Rs10.39 to Rs272.98.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 146,529.31
298.88M
-0.32%
-476.02
ALLSHR 90,649.25
645.24M
-0.13%
-120.81
KSE30 44,855.41
127.01M
-0.35%
-156.33
KMI30 208,066.95
107.55M
-0.47%
-973.43
KMIALLSHR 60,419.98
382.07M
-0.25%
-150.87
BKTi 41,101.09
38.49M
0.35%
145.35
OGTi 30,764.81
26.70M
-1.30%
-406.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,720.00 125,200.00
117,610.00
-4710.00
-3.82%
BRENT CRUDE 66.95 66.99
65.55
1.32
2.01%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.04 64.10
62.58
1.39
2.22%
SUGAR #11 WORLD 16.58 16.85
16.51
-0.27
-1.60%

Chart of the Day


Latest News
August 13, 2025 at 04:53 PM GMT+05:00

Gold gains as traders eye possible fed cut in September


August 13, 2025 at 04:13 PM GMT+05:00

PKR strengthens 20 paisa against USD


August 13, 2025 at 04:11 PM GMT+05:00

Meezan Bank half-year profit falls nearly 10%


August 13, 2025 at 04:00 PM GMT+05:00

PSX Closing Bell: A Minor Setback



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg