The cost of petrol and diesel is expected to increase significantly.

According to reports on Tuesday, the government is apparently getting ready to raise the price of petroleum products once more.

According to the sources, a price increase of Rs. 55 per litre for petrol and Rs. 75 per litre for high-speed diesel are anticipated.

The sources state that within the next two days, the Petroleum Division would receive the proposed updated prices from the Oil and Gas Regulatory Authority (OGRA).

The price increase is anticipated to be approved later by Prime Minister Shehbaz Sharif.

According to officials, the administration may choose to apply the rise gradually over a period of two weeks rather than all at once.