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The federal government has announced the new prices for petroleum products, which will take effect from February 1. According to a notification from the Ministry of Finance, the price of petrol has been increased by Rs. 1, bringing it to Rs. 257.13 per liter. Meanwhile, the price of high-speed diesel has seen a hike of Rs. 7 per liter, reaching Rs. 267.95.

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This marks the third consecutive fortnightly increase in petrol prices. In the last review, petrol prices were raised by Rs. 3.47, reaching Rs. 256.13 per liter, while high-speed diesel was increased by Rs. 2.61, bringing its price to Rs. 260.95.