{"id":40912,"date":"2024-06-28T12:01:26","date_gmt":"2024-06-28T07:01:26","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=40912"},"modified":"2024-06-28T18:00:43","modified_gmt":"2024-06-28T13:00:43","slug":"pakistan-expected-to-see-massive-fuel-price-hike-from-july-1","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-expected-to-see-massive-fuel-price-hike-from-july-1\/","title":{"rendered":"Pakistan expected to see massive fuel price hike from July 1"},"content":{"rendered":"<p>ISLAMABAD: Prices of <a href=\"https:\/\/dailyausaf.com\/en\/business\/govt-reduces-petrol-prices-massively-before-eid-ul-adha-check-latest-rates-here\/\">petroleum products<\/a> are likely to increase by Rs8 per litre and high-speed diesel (HSD) by Rs10 per litre from July 1 for the next fortnight.<\/p>\n<p>According to the details, petrol prices can hiked more by Rs13 per litre if the federal government adds a petroleum levy of Rs5 per litre from July 1.<\/p>\n<p>The increase in prices of petroleum products will raise transportation costs resulting in fluctuation in inflation, worsening the existing cost of living in Pakistan and maintaining higher business costs.<\/p>\n<p>Earlier, the federal government approved the hike of <a href=\"https:\/\/dailyausaf.com\/en\/business\/federal-govt-surpasses-petroleum-levy-tax-collection-target\/\">petroleum levy<\/a> (PL) by Rs10 to Rs70 from the existing Rs60 per litre in the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/national-assembly-approves-federal-budget-2024-25\/\">federal budget 2024-25<\/a>. As per the decision, the PDL would be raised progressively by the pricing trend, so consumers would not see the effects right away.<\/p>\n<p>The Shehbaz Sharif-led government has provided relief to inflation-hit citizens by decreasing\u00a0the petrol price in the last four fortnightly reviews.<\/p>\n<p>The price of gasoline and diesel has risen by roughly $4.4 and $5.5 per barrel, respectively, on the global market. The rise in the global market could lead to a hike in domestic petrol prices.<\/p>\n<h2><a href=\"https:\/\/dailyausaf.com\/en\/business\/another-massive-drop-expected-in-petrol-price-from-june-16-details-inside\/\">Expected petrol prices in Pakistan from July 1<\/a><\/h2>\n<table class=\"medium-editor-table\" width=\"100%\">\n<tbody>\n<tr>\n<td>Products<\/td>\n<td>Existing price<\/td>\n<td>New price<\/td>\n<td>Increase\/Decrease<\/td>\n<\/tr>\n<tr>\n<td>MS (Petrol)<\/td>\n<td>258.16<\/td>\n<td>266<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td>High-Speed Diesel (HSD)<\/td>\n<td>267.89<\/td>\n<td>277<\/td>\n<td>10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Prices of petroleum products are likely to increase by Rs8 per litre and high-speed diesel (HSD) by Rs10 per litre from July 1 for the next fortnight. According to the details, petrol prices can hiked more by Rs13 per litre if the federal government adds a petroleum levy of Rs5 per litre from July [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":40805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[19176,19175,19173,19174],"class_list":["post-40912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-july-petrol-price-in-pakistan","tag-pakistan-expected-to-see-massive-fuel-price-hike-from-july-1","tag-petrol-price-hike","tag-petrol-price-hike-in-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/40912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=40912"}],"version-history":[{"count":3,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/40912\/revisions"}],"predecessor-version":[{"id":40981,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/40912\/revisions\/40981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/40805"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=40912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=40912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=40912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}