The outgoing caretaker government announced on Thursday an increase in the price of petrol by Rs4.13 per litre while maintaining the current price of diesel.

According to a notification from the Finance Division, the new price of petrol will be Rs279.75 per litre and will remain in effect for the upcoming fortnight.

This marks the third consecutive hike by the interim government, and it is expected to be the last under their administration, as an elected prime minister is set to take office by the end of this week.

RELATED STORIES

The recent surge in petrol prices was anticipated, given the rise in global oil prices amid a recovery in demand and persistent tensions in the Middle East.

The caretaker government had previously increased the price of petrol by Rs2.73 per litre and high-speed diesel (HSD) by Rs8.37 per litre in the last review.