The government has raised the prices of petrol and high-speed diesel (HSD) by Rs13.18 and Rs13.80 respectively, effective from June 11.The new petrol price stands at Rs310.71 per litre, while HSD is priced at Rs323.30.This follows a significant drop in diesel prices from a peak of Rs520.35 on April 3, after rising sharply post-US-Iran war tensions.HSD, used predominantly in freight transport, remains the most inflationary fuel due to its widespread application.Petrol, primarily used in private vehicles, has a direct impact on middle and lower-middle-class budgets.

The price hikes come amid ongoing economic challenges, with monthly sales of petrol and diesel reaching 700,000-800,000 tonnes, compared to just 10,000 tonnes for kerosene.Analysts note the volatility in fuel prices reflects broader macroeconomic pressures and geopolitical factors.