The caretaker federal administration has made the decision to raise the cost of high-speed diesel and petrol.
The Finance Division has released a notification indicating that the cost of gasoline has increased by Rs. 13.55 per liter to Rs. 272.89, and the cost of high-speed diesel has increased by Rs. 2.75 per liter to Rs. 278.96.
The caretaker administration lowered the price of gasoline by Rs. 8 per liter during the most recent fortnightly review of petroleum prices. On the other hand, the cost of high-speed diesel remained constant.
The country’s fuel prices are mostly influenced by the exchange rate and global oil prices. However, the petroleum development levy has a significant impact on present prices. Currently, the government levies a fee of Rs. 60 on each liter of high-speed diesel and gasoline.
