Petrol and high-speed diesel (HSD) prices are expected to increase from tonight after renewed tensions between the United States and Iran pushed global oil prices higher.
According to sources, uncertainty in the international oil market has intensified following the collapse of the fragile ceasefire between the US and Iran. The renewed geopolitical tensions have driven crude oil prices upward, with Brent crude trading at around $75 per barrel at the time of reporting.
If approved, petrol prices are expected to increase by around Rs. 13 per litre, taking the retail price to approximately Rs. 310 per litre.
Similarly, high-speed diesel (HSD) is likely to become around Rs. 14 per litre more expensive, with the new price expected to reach Rs. 324 per litre.
The Petroleum Division is expected to issue an official notification confirming the revised fuel prices. Once notified, the new rates will remain effective for the next seven days.
In the previous weekly review, the government had reduced both petrol and diesel prices by Rs. 1.97 per litre, bringing petrol to Rs. 297.53 per litre and high-speed diesel to Rs. 309.50 per litre.
The latest expected increase reflects the impact of rising international crude oil prices and ongoing geopolitical uncertainty in global energy markets.
