Published 3 days ago • loading... • Updated 2 days ago

Pakistan Govt Raises Petrol, Diesel Prices by over Rs13 per Litre Each

On Friday, the Petroleum Division increased petrol and high-speed diesel prices by Rs13.18 and Rs13.80 per litre, respectively, effective July 11 following a global oil rally triggered by escalating Iran and United States tensions.
Brent crude climbed to around $77 per barrel while West Texas Intermediate traded at $73.60, driven by renewed United States strikes on Iran and ceasefire breaches on July 7-8. The government passed higher import costs to domestic consumers.
Under IMF conditions, the government doubled the climate support levy to Rs5 per litre effective July 1. Total tax on petrol now amounts to Rs95 per litre, including customs duty, petroleum levy, and climate support levy.
Rising costs impact Pakistan's public, as diesel fuels the heavy transport sector and power plants, affecting freight charges and inflation. Petrol and HSD remain major revenue earners with monthly sales of about 700,000 tonnes.
Sindh has challenged the federal government's reliance on the petroleum levy, arguing that unlike General Sales Tax—which is shared with provinces—the levy is retained entirely by the federal government, creating revenue losses.

Insights by Ground AI

19 Articles

Petrol-Diesel Rates Hike: Petrol and Diesel Become Costlier by Rs 13, the Government Made a Big Announcement Here

Petrol and diesel prices have seen several spikes. The Pakistani government has once again raised fuel prices, resulting in higher prices for its citizens.

2 days ago

Read Full Article

Indian Express

Lean Left

Pakistan hikes petrol, diesel prices by over PKR 13 per litre amid West Asia crisis

The price of petrol has been raised by PKR 13.18 per litre to PKR 310.71 per litre, while high-speed diesel will now cost PKR 323.30 per litre after an increase of PKR 13.80 per litre. The revised prices came into effect on July 12, *Dawn* reported.

2 days ago·Mumbai, India

Read Full Article