The federal government has increased the price of petrol by Rs8.36 per litre for the next fortnight, effective from Tuesday, July 1.

According to details, the new petrol price has been fixed at Rs266.79 per litre.

Meanwhile, the price of high-speed diesel has been hiked by Rs10.39 per litre, according to the government’s announcement, taking it to Rs277.98.

Sources say that a carbon levy of Rs2.50 per litre has also been imposed on petrol and diesel.

petrol price

Also Read: Govt announces massive hike in petrol, diesel prices

Earlier, on June 15, the federal government announced a major increase in the prices of petrol and diesel, effective from June 16 for the next fortnight.

According to a notification issued by the Ministry of Finance, the price of petrol was increased by Rs4.80 per litre, while the price of high-speed diesel went up by Rs7.95 per litre.

The price of high-speed diesel was set at Rs262.59, while petrol cost Rs258.43 following the last increase.

The Ministry of Finance has formally released the notification regarding the revised prices of petroleum products.