Shehbaz Sharif government announces hike in petrol, diesel prices in Pakistan after…, petrol now costs PKR…
The revised price of petrol in Pakistan following the hike is PKR 258.43 per litre.
Islamabad: The federal authorities in Pakistan, led by Prime Minister Shehbaz Sharif, has elevated the fuel costs within the nation one more time. After the hike, the petrol label went up by PKR 4.80 per litre, ARY News reported. The revised label of petrol following the hike is PKR 258.43 per litre. Equally, the associated price of excessive-velocity diesel has been elevated by PKR 7.95 per litre. It methodology the folk of Pakistan should pay PKR 262.59 per litre for diesel. Particularly, the most fresh fuel label hike comes as part of the Shehbaz-led authorities’s odd fuel label adjustment. The revised fuel costs will be in abolish for the next 15 days.
Based on the reputable assertion, the adjustments in fuel costs will take abolish presently and remain in force unless extra label following the next evaluate.
Earlier, on June 1, 2025, the authorities of Pakistan officially raised petrol costs by one rupee per litre, ARY News reported. The label of petrol turned into then location at PKR 253.63 per litre, up from the outdated payment of PKR 252.63, as per ARY News. Based on the notification, there turned into no trade in diesel charges, that were provided at PKR 254.64 per litre nationwide.
Earlier on June 2, the International Monetary Fund (IMF) set up forward loads of stringent measures to reform Pakistan’s fiscal policies sooner than the budget 2025-26, ARY News reported. The IMF demanded PKR 2 per litre develop larger in petrol and diesel costs for cash purchasers, while an PKR2 reduction for transactions made via debit or credit playing cards to aid digital funds.
The International Monetary Fund (IMF) entreated Pakistan to enforce a carbon tax on fuel, diesel, and fuel-powered vehicles all the blueprint in which via most up-to-date budget discussions, in accordance with ARY News sources.
ARY News stories that the upward push in transportation costs will affect residents’ on daily basis costs.
(With Agency inputs)
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