ISLAMABAD: Prices of petrol and high-speed diesel (HSD) are expected to increase by Rs5.25 and Rs6.50 per litre, respectively, for the upcoming fortnight starting July 16, owing to a rise in global oil prices and import premiums.

According to informed sources, the ex-depot price of petrol is projected to rise by about 2pc to Rs272.04 per litre, while HSD is likely to see a 2.5pc increase to approximately Rs279.48 per litre. The final prices will be announced after government approval.

Currently, petrol is priced at Rs266.79 per litre following a Rs8.36 per litre hike on June 30. Widely used in motorcycles, rickshaws, and private vehicles, petrol has a direct impact on the budgets of middle- and lower-income households.

Diesel, which fuels heavy transport,........

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