The federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs13.18 and Rs13.80 per litre, respectively, for the next week, as global oil markets remain volatile following the recent escalation between the United States and Iran.

According to a press release issued by the Petroleum Division, the new price of petrol has been fixed at Rs310.71 per litre, while HSD will cost Rs323.30 per litre.

The revised prices will take effect from midnight on Friday.

More to follow…