Govt hikes petrol prices by Rs8.36, diesel by Rs10.39 per litre
Business
With this increase, people fear price-hike in other daily use items
ISLAMABAD (Dunya News) – The federal government has increased the prices of petrol by Rs8.36 and diesel by Rs10.39 per litre for first half of July 2025, putting an additional burden on the masses.
According to sources, the price of petrol has been increased by Rs8.36 per litre for the next 15 days, while the price of diesel has been increased by Rs10.39 per litre.
According to the Ministry of Finance, the new price of petrol has been set at Rs266.79 per litre and the price of high-speed diesel at Rs272.98 per litre.
A notification of the increase in petroleum prices has been issued. Sources said the new prices of petroleum products have been implemented immediately.
It should be noted that OGRA sent a summary to the Ministry of Petroleum, after which the Finance Minister, in consultation with the Prime Minister, made the final announcement of the new prices.
According to sources, the prices of petroleum products have been increased due to the increase in crude oil prices in the global market and the depreciation of the rupee.
Earlier, it was expected that petrol prices may rise by up to Rs11 per litre, while diesel prices could increase by as much as Rs15 per litre in the fortnightly review.
This price hike is largely attributed to recent surge in crude oil prices in the international market coupled with the weakening of the Pakistani rupee.
The adjustment in fuel prices is likely to have widespread effects on the economy, impacting transportation costs and the prices of goods across the country.
It is recalled that a 12-day war that started with Israel targeting Iran's nuclear facilities on June 13 pushed up Brent prices, which surged above $80 a barrel after the U.S. bombed Iran's nuclear facilities. However, it slumped to $67 after President Donald Trump announced an Iran-Israel ceasefire.
Read More: Gas price hike for industries, power sector from July 1
Meanwhile, oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
Brent crude futures fell 13 cents, or 0.19%, to $67.64 a barrel by 0344 GMT, ahead of the August contract's expiry later on Monday. The more active September contract was at $66.62, down 18 cents.
According to sources, the price of petrol has been increased by Rs8.36 per litre for the next 15 days, while the price of diesel has been increased by Rs10.39 per litre.
According to the Ministry of Finance, the new price of petrol has been set at Rs266.79 per litre and the price of high-speed diesel has been set at Rs272.98 per litre. A notification of the increase in petroleum prices has been issued.
Sources say that the new prices of petroleum products have been implemented immediately. It should be noted that OGRA sent the summary to the Ministry of Petroleum, after which the Finance Minister, in consultation with the Prime Minister, made the final announcement of the new prices.
According to sources, the prices of petroleum products have been increased due to the increase in crude oil prices in the global market and the depreciation of the rupee.
PUBLIC REACTION
Petrol and diesel consumers have criticised the federal government for hiking the prices of petroleum products, fearing the rates of daily use items and transport fares will also surge.
They are of the view that Rs8.36 for petrol and Rs10.39 for diesel per litre is a substantial rise in the prices of the petroleum, which are definitely bound to increase prices of other items, making the life of already cash-strapped and poverty-stricken masses a miserable.
Talking to Dunya News, a teacher said that he was already doing two works, and still facing hardships in meeting his daily expenditure.
“With this increase, tell me where I should go. High power, gas and water bills are making my life a hell. The government has recently increased gas price by 50 per cent. With a scanty salary, I cannot run even my kitchen let alone other expenditure,” he lamented.
I don’t think we have any relief from ever increasing prices of edibles. The surge in the prices of petroleum prices is a bombshell on the poor masses, who are already deprived of basic necessities of life.
“The federal and provincial governments have not increased minimum wages in their budgets. In think Rs37,000 minimum salary for a worker is not enough in the face of high inflation. I demand the rulers at least fix Rs45,000 minimum salary for a labourer, otherwise financial crisis for the poor will increase manifold,” said another man, standing at a petro station.
