The federal government has increased petrol and high-speed diesel prices by more than Rs13 per litre, with new rates taking effect from Saturday. Petrol now costs Rs310.71 per litre after an increase of Rs13.18, while diesel has risen by Rs13.80 to Rs323.30 per litre. The hike is expected to increase pressure on consumers and transport costs across Pakistan.
According to a Petroleum Division notification, the latest fuel price adjustment follows a period of significant volatility in international and domestic markets. Diesel prices had previously surged after the outbreak of the US-Iran conflict, reaching a peak of Rs520.35 per litre on April 3 before declining. Petrol prices also rose sharply during the same period before easing.
Read more: Govt raises petrol, diesel prices by over Rs 13 per litre
The government continues to collect various taxes and levies on petroleum products. Under commitments linked to the International Monetary Fund programme, the climate support levy was increased to Rs5 per litre from July 1, while adjustments were made to the petroleum levy. Officials said these measures are part of broader fiscal commitments.
Currently, the petroleum levy is estimated at around Rs80 per litre on diesel and Rs70 per litre on petrol, along with additional climate support charges. Diesel also includes customs duties and inland freight-related costs, bringing total government collections on the product to about Rs101 per litre. Petrol carries nearly Rs95 per litre in taxes and duties.
Read more: Petrol relief linked to global prices: Minister
Petrol and diesel remain among Pakistan’s largest sources of government revenue, with monthly sales estimated between 700,000 and 800,000 tonnes. The latest price increase may impact transportation expenses, inflation trends, and household budgets as consumers adjust to higher fuel costs.