ISLAMABAD (Khyber Mail): In a recent move, the government has increased the price of Motor Spirit (MS) Petrol by Rs 7.45 per liter and high-speed diesel by Rs 9.56 per liter.

According to a press release from the Ministry of Finance, the new price for MS petrol is Rs 265.61 per liter, up from the previous Rs 258.16 per liter. Meanwhile, High-Speed Diesel will now be available at Rs 277.45 per liter, compared to its earlier price of Rs 267.89 per liter. These adjustments will take effect in the next fortnight, starting from July 1, 2024.

The surge in petroleum prices reflects an upward trend in the international market over the past two weeks. The Oil & Gas Regulatory Authority (OGRA) calculated these consumer prices based on global price fluctuations. Importantly, there will be no changes in applicable taxes and duties—they will remain at their existing levels.

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