Official notification expected tonight
Petrol and diesel prices in Pakistan are set to increase again for the next 15 days, as international crude oil rates continue their upward trajectory, industry insiders revealed on Monday.
According to initial calculations, petrol prices are expected to go up by Rs6.60 per litre, while high-speed diesel (HSD) could see an increase of Rs5.27 per litre.
On the other hand, prices of kerosene and light diesel are likely to come down, with proposed cuts of Rs3.74 and Rs2.23 per litre, respectively.
Officials from the Oil and Gas Regulatory Authority (OGRA) confirmed that they have finalised their assessment based on global market movements and will submit a summary to the federal government by tomorrow.
The final decision will be taken after Prime Minister Shehbaz Sharif approves OGRA’s recommendations, sources added.
If approved, the revised rates will take effect for the next fortnight under the government’s routine fuel price review mechanism.
Earlier this month, on July 1, the government had raised fuel prices significantly, attributing the hike to global market volatility amid the 12-day conflict between Iran and Israel.
That revision saw petrol prices jump by Rs8.36 to Rs266.79 per litre, while high-speed diesel rose by Rs10.39 to Rs272.98 per litre.
Pakistan imports nearly 85% of its petroleum needs, making it highly vulnerable to geopolitical disruptions and oil market fluctuations, especially during crises in the Middle East.
