The federal government has announced another increase in the prices of petroleum products.
According to a notification issued by the Finance Division, the price of petrol has been jacked up by Rs. 8.36 per liter to Rs. 266.79 while the price of high-speed diesel has been increased by Rs 10.39 to Rs. 272.98 per liter.
At the last fortnightly review of petroleum prices, the government the price of petrol and high-speed diesel were increased by Rs. 4.80 per liter and Rs. 7.95 per liter, respectively.
It is pertinent to mention here that a 12-day conflict that began on June 13 when Israel struck Iran’s nuclear sites drove oil prices above $80 per barrel before they retreated below the $70 per barrel market after a ceasefire was announced.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan