ISLAMABAD: The federal government has announced a major increase in petroleum product prices with the revised rates coming into effect from July 11, 2026.
According to a notification issued by the Ministry of Finance, the price of petrol has been increased by Rs13.18 per litre, while diesel has become Rs13.80 per litre more expensive.
After the increase, the new price of petrol has been fixed at Rs310.71 per litre, while diesel will now be available at Rs323.30 per litre.
It is worth mentioning that the government had reduced the price of petrol by more than Rs1 per litre last week, bringing it down to Rs298.75 per litre.
Earlier, Petroleum Minister Ali Pervaiz Malik had said that removing the petroleum levy could significantly reduce fuel prices. However, he added that the government would need an alternative arrangement to compensate for the lost revenue, as expenses are either covered through the levy or the burden shifts to inflation.
