The Pakistani government has increased fuel prices for the second time in two weeks, raising petrol by Rs 8.36 to Rs 266.79 per litre and high-speed diesel by Rs 10.39 to Rs 272.98. The hike, part of a routine price adjustment mechanism tied to international markets, follows earlier increases on June 16.

Officials cite surging global oil prices, rupee depreciation, and IMF-mandated tax commitments as key reasons. Economists warn the hike will drive inflation, impacting transport, food, and household budgets. Public backlash has intensified, with opposition parties planning protests and trade unions threatening strikes.

The government faces mounting pressure to balance fiscal reform with economic relief. The new rates will remain in effect until the mid-July review.