Govt increases petrol price by Rs6.39, diesel by Rs7.83 per litre

The government on Wednesday increased the price of petrol by Rs6.39 and that of high-speed diesel (HSD) by Rs7.83 per litre to pass on the impact of fluctuating global prices following renewed regional hostilities in the Persian Gulf.

Following the changes, the price of petrol stands at Rs327.12 per litre and that of HSD at Rs375.04.

The Petroleum Division’s notification said the new prices would be applicable on July 23 (Thursday).

Earlier today, the All Pakistan Petroleum Pump Owners Association (APPPOA) deferred its nationwide strike call for two weeks after negotiations with the petroleum minister. It had announced a nationwide strike after negotiations with the government over daily petroleum pricing had failed.

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........

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