ISLAMABAD: The federal government announced a revision in the petroleum prices for the next 15 days, here on Tuesday.
As per the details, high-speed diesel prices have been increased by Rs 5 per litre, while the price of petrol remains unchanged at 247.03 per litre.
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As a result of the increase, the new price for high-speed diesel is now RS 251.29 costs amid fluctuating global oil prices.
Petrol Rates in Pakistan from October 16
| Products | Old Price | New Price | Increase/Decrease |
| MS (Petrol) | 249.03 | 249.03 | -0.00 |
| High-Speed Diesel (HSD) | 246.29 | 251.29 | -5.00 |
The Finance Division issued a notification for the latest fuel prices worked out by the Oil & Gas Regulatory Authority (Ogra) for the next fortnight.
Petrol is mainly utilized in private transportation, small vehicles, rickshaws, and two-wheelers, greatly impacting the budgets of the middle and lower-middle classes.
However, a significant portion of the transport sector relies on high-speed diesel. Its price is viewed as inflationary since it is predominantly used in heavy transport vehicles, trains, and agricultural machinery such as trucks, buses, tractors, tube wells, and threshers, which particularly contributes to the increased prices of vegetables and other food items.
