Petrol prices expected to rise by Rs13 from July 1

June 30, 2025 (MLN): Petrol prices are expected to rise by approximately Rs13.68 per litre, with revised prices likely to be effective from July 1 to 15, 2025, amid a surge in international oil rates.

The federal government is expected to announce a notable increase in petroleum product prices later tonight, following upward trends in the global energy market and currency fluctuations.

The anticipated hike in petrol and high-speed diesel (HSD) prices is driven by a 5.8% increase in international petrol (gasoline) prices to $78.42 per barrel and a 10.3% rise in diesel (gas oil) prices to $87.18 per barrel between June 16 and June 30, 2025.

This expected adjustment follows a previous increase implemented on June 16 and reflects the impact of heightened geopolitical tensions and global oil market volatility, despite a brief easing in prices after a ceasefire on June 24.

To recall, in the last fortnight, the government increased the price of petrol by Re4.8 per litre, setting it at Rs257.79.

Similarly, the price of High-Speed Diesel (HSD) was revised upward by Rs7.95 to Rs250.48 per litre.

Petrol is a key fuel for private transport, small vehicles, motorcycles, and rickshaws, making its price highly impactful on the budgets of middle and lower-middle income households.

High-speed diesel, used widely in heavy transport vehicles, agricultural machinery, buses, and trains, plays a critical role in shaping inflation trends, particularly for essential commodities like vegetables and other food items.

 Copyright Mettis Link News