Petrol price goes up by Rs 2 per litre for July

Petrol price

The price of petrol have been increased by Rs 2 per litre and high speed diesel (HSD) price by Rs 1.44 per litre for the first fortnight of July.

The government approved a Rs 2 per litre hike in the price of petrol on Wednesday. Dr. Shahbaz Gill, Special Assistant to the Prime Minister for Political Affairs, shared the news on Twitter. 

“The price of petrol has been increased by Rs 2 per litre, while the price of high-speed diesel has been increased by Rs 1.44,” Gill said.

Due to a rise in international crude costs, the Oil and Gas Regulatory Authority (Ogra) requested a Rs 6.05 per litre increase in petrol and Rs 3.44 per litre increase in diesel prices for the month of July, according to him. However, the prime minister rejected the proposed hikes. 

Following the increase, the price of petrol has risen to Rs 112.69 per litre, while the price of diesel has risen to Rs 113.99 per litre. Petrol and HSD are two important items that provide the government with the majority of its revenue due to their widespread and continuing consumption in the country.

Previously, on June 17, the federal government raised the price of petrol by Rs 2.13 per litre. 

The government has approved a petrol price hike of Rs 2.13 per litre and a diesel price increase of Rs 1.79 per litre. The price of kerosene oil has been raised to Rs 1.89 per litre, while light diesel has been raised to Rs 2.03 per litre. 

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