ISLAMABAD: The federal government has increased petrol and diesel prices by nearly Rs15 per litre each for the next week.
In a notification issued on Friday, the Petroleum Division said new fuel rates will come into effect from May 9.
The price of petrol has jumped from Rs399.86 to Rs414.78, while the HSD price increased from Rs399.58 to Rs414.58 per litre.
This marks the third consecutive increase in petrol and diesel prices after cumulative hikes of Rs33.28 on petrol and Rs46.39 on diesel over the previous two weeks.
The government has been reviewing petroleum prices every Friday night amid global oil market volatility linked to the Iran-Israel conflict.
Levy on petrol and diesel hiked by Rs13.91 each. After the increase, the total levy on petrol and diesel comes to Rs117.41per litre and Rs42.60 per litre respectively.Kerosene price has been cut by Rs41.8 per litre.
