Petroleum prices in Pakistan are expected to rise once again, with petrol and diesel likely to increase by up to Rs6.60 and Rs5.27 per litre respectively, according to industry sources monitoring global oil trends.
This anticipated revision comes amid a continued uptrend in international crude oil prices, prompting local regulators to adjust fuel costs accordingly under the country’s fortnightly pricing mechanism.
The Oil and Gas Regulatory Authority (OGRA) has finalized its assessment and will submit a price adjustment summary to Prime Minister Shehbaz Sharif for final approval by tomorrow. Once approved, the new prices will take effect for the next 15 days.
Expected Petroleum Price Adjustments:
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Petrol: ↑ Rs6.60/litre
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High-Speed Diesel (HSD): ↑ Rs5.27/litre
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Kerosene: ↓ Rs3.74/litre
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Light Diesel Oil (LDO): ↓ Rs2.23/litre
The oil industry has already shared its pricing models with OGRA based on recent market data, including exchange rate fluctuations and global supply dynamics.
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Pakistan remains heavily reliant on imported petroleum products, sourcing nearly 85% of its total fuel requirements from abroad. Consequently, any geopolitical disruption or market volatility—such as the recent Iran-Israel conflict—has a direct impact on local pump prices.
Just earlier this month, on July 1, the government had raised petrol by Rs8.36 to Rs266.79/litre, and diesel by Rs10.39 to Rs272.98/litre, citing the volatile international environment.
Public Reaction & Concerns:
As cost-of-living pressures mount, the public continues to express frustration over repeated fuel hikes that ripple across transportation, food prices, and logistics. The expected increase may further strain household budgets and industrial operating costs, especially in sectors reliant on heavy transport or generators.
Economists have urged the government to expand alternative energy policies and explore long-term hedging mechanisms to buffer future oil shocks.
Until then, consumers and businesses will have to prepare for another potential adjustment as the final decision rests with the Prime Minister’s Office.
