The government on Friday increased petrol and diesel prices by Rs5.44 and Rs31.05 per litre, respectively, with immediate effect for the next three days until July 20, to pass on the impact of higher import premiums and global prices following renewed regional tensions. Following the increase, the price of petrol stands at Rs316.15 per litre and that of HSD at Rs354.35. The Petroleum Division’s press release notifying the increase said the new prices would be effective from July 18 (Saturday). 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…

Source: Dawn – Latest News

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