Fuel prices hike by the government from June 16
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The federal government on Sunday announced a hike in fuel prices for the upcoming fortnight, raising petrol and high-speed diesel (HSD) prices by Rs4.80 and Rs7.95 per litre, respectively. According to a notification issued by the Finance Division, the new prices, effective from June 16, 2025, have been set at Rs262.59 per litre for petrol and Rs258.43 per litre for HSD, based on recommendations from OGRA and relevant ministries. This marks the second consecutive increase in petrol prices, following a Re1 hike in the previous fortnight amid relatively stable global oil markets. The hike was mainly driven by higher international prices and adjustments in the Inland Freight Equalization Margin (IFEM), as per the price build-up data. The average Platts price (with incidentals and duty) for diesel surged by Rs5.44, while the IFEM saw a Rs1.72 increase. Diesel’s ex-refinery price rose by Rs5.91 per litre, while petrol’s ex-refinery cost increased by Rs1.12. Although the petroleum levy...