Federal Government Hikes Petrol and Diesel Prices Again
Pakistani citizens are bracing for yet another economic squeeze as the federal government announces a significant surge in petroleum product prices, effective July 1. This latest adjustment sees petrol costing an additional Rs. 8.36 per litre and high-speed diesel Rs. 10.39 per litre, following recommendations driven by fluctuating international oil markets. This move comes on the heels of a previous hike just two weeks prior. Adding to the burden, the Oil and Gas Regulatory Authority (OGRA) has also notified a substantial increase in gas prices for domestic and various consumer categories, with some household tariffs rising by up to 50%. These continuous price revisions reflect global energy trends and local economic realities, placing considerable financial pressure on inflation-hit households across the nation.
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