The federal government has announced a significant increase in petroleum product prices, which will come into effect from 12:00 midnight tonight.

According to the official notification, the price of petrol has been increased by Rs137.23 per litre, bringing the new price to Rs458.40 per litre.

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Similarly, the price of high-speed diesel has been raised by Rs184.49 per litre, taking it to Rs520.35 per litre.

The government has advised the public to plan their essential purchases and expenses in view of the potential impact of these price hikes.