The prices of petrol and high-speed diesel (HSD) will go higher tonight after renewed US-Iran tensions created panic in the international oil market, sources informed ProPakistani a short while ago.
The uncertainty in global crude prices has created panic in the market after the fragile US-Iran ceasefire abruptly ended a few days ago. At the time of press, Brent was trading at $75 per barrel.
Petrol will rise by nearly Rs. 13/litre to Rs. 310 per litre, while diesel will be increased by roughly Rs. 14/litre to sell for Rs. 324 per litre for the next seven days.
An official notification by the Petroleum Division will soon be shared to confirm the new rates.
The new rates will remain in effect for one more week.
Last week, petrol was reduced by Rs. 1.97 to Rs. 297.53 per litre, while diesel was also reduced by the same amount to Rs. 309.5 per litre.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.