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Confirmed: Hefty Petrol, Diesel Price Hikes on Wednesday
- On July 1, the Pakistani federal government approved a fuel price hike, increasing petrol by Rs8.36 and HSD by Rs10.39 per litre, effective from midnight.
- Triggered by Iran's threat to close the Strait of Hormuz, global oil prices surged 7–11% to $82–87 per barrel, prompting officials to cite oil and rupee fluctuations as causes.
- Sources said OGRA recommended higher fuel rates, leading the Finance Division to set petrol at Rs266.79 and HSD at Rs272.98 per litre.
- Pakistan's fuel price hike has triggered protests, strike threats, and rising transportation costs, impacting food prices and public livelihoods amid ongoing public backlash.
- Next fortnightly fuel price reviews are set to continue until mid-July amid ongoing economic pressures and global market fluctuations, challenging government balancing efforts.
17 Articles
17 Articles
South Africa: Petrol Prices Set to Increase From Wednesday
[SAnews.gov.za] The Department of Mineral and Petroleum Resources (DMPR) has announced that all grades of petrol, diesel, and illuminating paraffin are expected to increase from Wednesday, 2 July 2025, when the latest monthly price adjustments take effect.
Fuel price hike burns a hole in public pockets
The federal government on Monday night made a massive increase in the prices of petroleum products for the next fortnight, seen as an impact of the 12-day Iran-Israel war that nearly threatened to engulf the entire Middle East region. According to a notification issued by the Finance Division, the price of petrol was jacked up by Rs8.36 per litre and that of high-speed diesel (HSD) by Rs10.39 per litre for the period of July 1 to 15. The prices …
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