Overview
- An official notification raised petrol by Rs5 to Rs258.17 per litre and high-speed diesel by Rs7.32 to Rs275.70, effective February 16 for two weeks.
- OGRA recommended the revision and Prime Minister Shehbaz Sharif approved it, according to reporting on the decision process.
- Goods transporters announced a 3% increase in freight charges in response to the diesel hike.
- A petition filed in the Lahore High Court seeks to annul the increase, arguing the move will fuel a fresh wave of inflation.
- PPP leaders denounced the timing before Ramazan, while reports note heavy per-litre charges including a petroleum levy of about Rs87 on petrol and Rs79 on diesel plus a Rs2.50 climate levy and other duties.