The federal government has increased the price of petrol by Rs3.66 per litre and high-speed diesel by Rs4.80 per litre under the revised petroleum pricing mechanism, placing further pressure on consumers and transport operators.
According to a notification issued by the Ministry of Energy’s Petroleum Division, the Oil and Gas Regulatory Authority revised the ex-depot prices of petroleum products with effect from July 25.
The price of petrol, officially listed as motor spirit, has been raised from Rs331.52 to Rs335.18 per litre. High-speed diesel will now cost Rs383.46 per litre, up from Rs378.66.
Since the daily petroleum pricing mechanism was launched on July 17, petrol has become Rs24.47 per litre more expensive, rising from Rs310.71 to Rs335.18. Diesel has recorded a significantly sharper cumulative increase of Rs60.16 per litre, climbing from Rs323.30 to Rs383.46.
The latest increase is expected to add to household expenses and raise operating costs for public transport, freight services and businesses dependent on fuel.
Higher petrol and diesel prices may also lead to increases in passenger fares and the cost of transporting goods across the country, potentially pushing up the prices of essential commodities and other consumer products.