Govt hikes petrol price by Rs4.80, diesel by Rs7.95

The Finance Division on Sunday night notified hefty increases in the prices of both petrol and diesel, with the rates climbing by Rs4.80 and Rs7.95 per litre, respectively. According to a notification seen by Dawn.com, the finance division stated that the new prices had been determined “based on the recommendations of Ogra (Oil and Gas Regulatory Authority) and the relevant ministries”. From June 16, high-speed diesel (HSD), which previously cost Rs254.64 per litre, will now be sold for Rs262.59. Similarly, petrol, which cost Rs253.63 per litre, will now be available for Rs258.43.