The government raises gasoline prices by another Rs14.85 per litre, bringing the total to Rs248.74.

On Thursday, the government announced a further increase in the pricing of petroleum products, with the new ex-depot price of gasoline increasing to Rs248.74 per litre (following an increase of Rs14.85) and the new ex-depot price of diesel to Rs276.54 (after a hike of Rs13.23).

The old price of petrol was Rs233.89 per litre and diesel was at Rs263.31 per litre.

The new, higher rates start on July 1.

The pricing structure includes a Rs. 10 fuel levy on gasoline. The cost of high speed diesel, kerosene, and light diesel oil per litre has also increased by Rs5 each.

The government has decided to apply the petroleum levy partially and revise the current prices of petroleum products as agreed with the development partners, according to a notification from the Finance Division. "In view of the fluctuations in petroleum prices on the international market and exchange rate variation.

The NA also adopted the Federal Budget, 2022–2023 after making significant changes to the Finance Bill, 2022, as directed by the IMF (IMF).