The federal government has once again announced an increase in petroleum product prices across the country, raising petrol by Rs. 5.36 per liter and diesel by Rs. 11.37 per liter. The new prices came into effect on July 16 and will remain in place for the next 15 days.
According to government sources, this price hike is not due to any change in the petroleum levy but is based on fluctuations in global oil prices. Officials clarified that the levy rates on petrol and diesel have not been altered and have remained unchanged for several months.
As per official data, a petroleum development levy of Rs. 75.52 per liter is currently imposed on petrol, while Rs. 74.51 per liter is applied on diesel rates that have stayed consistent in recent months.
The government stated that the increase was unavoidable due to continuous fluctuations in international oil markets and other economic factors. However, the public has expressed concern over the decision, as it is likely to raise transportation costs and impact the prices of essential goods.
Economic experts have warned that the hike in fuel prices may further intensify inflationary pressures, making it even harder for the general public to cope with the rising cost of living. There are growing calls for the government to take effective measures to ease the financial burden on citizens.
