ISLAMABAD: Continuing with the rising trend, the major petroleum products — petrol and high-speed diesel (HSD) — are estimated to increase by more than Rs7.60 and Rs3.50 per litre, respectively, with effect from July 16 for the next fortnight, mainly because of higher global oil prices.

Sources said the prices of petrol and HSD had increased in the international market by about $4.4 and $2 per barrel, respectively, in the last fortnight. Depending on final calculation and existing tax rates, the price of petrol is projected to rise by Rs7.60 per litre and that of HSD by........

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