Govt hikes petrol price by Rs5.36, high-speed diesel by Rs11.37

The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre and that of high-speed diesel (HSD) by Rs11.37 for the next fortnight. A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries. The new petrol price is Rs272.15 per litre and Rs284.35 for HSD. The press release did not mention any changes in the prices of kerosene and light diesel oil. According to informed sources, the ex-depot price of petrol was projected to rise by about two per cent to Rs272.04 per litre, while HSD was likely to see a 2.5pc increase to approximately Rs279.48 per litre. Widely used in motorcycles, rickshaws, and private vehicles, petrol has a direct impact on the budgets of middle- and lower-income households.