Islamabad, July 16 -- The federal government of Pakistan has announced a fresh hike in fuel prices, increasing petrol and diesel rates for the next two weeks, effective from Wednesday, July 16, Geo News reported.

According to Geo News, citing a statement released by the Finance Division of Pakistan on Tuesday, petrol will now cost PKR 272.15 per litre, after a rise of PKR 5.36. Meanwhile, high-speed diesel has increased by PKR 11.37, bringing its new price to PKR 284.35 per litre. This marks the third consecutive increase in fuel prices in recent weeks.

The adjustments were made based on recommendations from Pakistan's Oil and Gas Regulatory Authority (OGRA) and other relevant ministries, as reported by Geo News, citing the country's Fi...