The Finance Division on Sunday night (June 15 2025) notified hefty increases in the prices of both petrol and diesel, with the rates climbing by Rs4.80 and Rs7.95 per litre, respectively. The new prices had been determined “based on the recommendations of Ogra (Oil and Gas Regulatory Authority) and the relevant ministries”.
From June 16 2025, high-speed diesel (HSD), which previously cost Rs254.64 per litre, will now be sold for Rs262.59 and petrol, which cost Rs253.63 per litre, will now be available for Rs258.43.
Based on existing tax rates, informed sources said that the ex-depot price of petrol was estimated to go up by about Re1 per litre depending on final calculation on June 15, followed by a Rs5 per litre increase in HSD.
As per commitment with the International Monetary Fund, the government announced the imposition of Rs77 per litre petroleum levy and Rs5 per litre carbon levy on furnace oil and Rs2.5 per litre charge on petrol and diesel from July 1 2025 which would fuel inflation further.