Petroleum Prices Surge as Government Announces Increase

The federal government has revealed a substantial rise in the prices of petroleum products, which took effect on Tuesday and will last for the subsequent two weeks, commencing July 16, 2025. This adjustment will result in a noticeable increase in expenses for consumers at fuel stations.

Revised Petrol and Diesel Prices

According to a statement from the Finance Division, the price of petrol will increase by Rs 5.36 per litre, setting the new ex-depot rate at Rs 272.15 per litre, a jump from the previous Rs 266.79. High-Speed Diesel (HSD) will experience an even more significant surge of Rs 11.37 per litre, elevating its price from Rs 272.98 to Rs 284.35 per litre.

Previous Price Revisions

This decision occurs after a prior price revision that saw petrol go up by Rs 8.36 per litre and HSD by Rs 10.39 per litre, mainly due to oscillations in global crude oil values.

Adjustments to Inland Freight Equalization Margin (IFEM)

The Inland Freight Equalization Margin (IFEM) has been modified upwards. It is now set at Rs 8.89 per litre for petrol (previously Rs 6.96), and for HSD, it has increased to Rs 6.04 per litre (from Rs 2.09).

Petroleum Levy Remains Constant

The government chose to maintain the petroleum levy on petrol at Rs 75.52 per litre and on HSD at Rs 74.51 per litre.