Govt raises petrol price by Rs4.45, cuts HSD by Rs2

The government on Wednesday increased the price of petrol by Rs4.45 per litre while reducing the price of high-speed diesel (HSD) by Rs2 per litre.

Following the revision, petrol will retail at Rs333.01 per litre, while HSD will cost Rs383.86 per litre. The government continues to levy Rs110 per litre in taxes and duties on petrol and Rs96 per litre on diesel.

The Petroleum Division’s notification said the new prices would be applicable for August 6 (Thursday).

The diesel price has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.

The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.

Earlier, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the........

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