A Pakistan fuel price increase is expected in the upcoming fortnightly review, with reports suggesting a significant hike in diesel prices and a moderate increase in petrol rates. The anticipated revision follows a surge in international crude oil prices, raising concerns about transportation costs and inflation across the country.
According to sources, the price of high-speed diesel may increase by as much as Rs40 per liter, while petrol is expected to become approximately Rs10 per liter more expensive. The revised prices are expected to take effect after the government’s next scheduled fuel price announcement, subject to official approval.
The projected increase is largely linked to higher global oil prices driven by renewed geopolitical tensions between Iran and the United States. Rising crude oil costs in international markets have increased import expenses for oil-importing countries, including Pakistan, placing additional pressure on domestic fuel pricing.
Government officials are reportedly considering a reduction in the petroleum levy to soften the impact of the expected increase on consumers. While no final decision has been announced, adjusting the levy could help reduce the overall burden if international prices remain elevated.
Meanwhile, the government has instructed authorities to take strict action against hoarding and artificial shortages of petroleum products. Officials have emphasized the importance of maintaining a stable fuel supply and preventing market manipulation during the period of expected price adjustments.
The National Committee on Monitoring and Coordination has also directed the relevant regulatory authorities, including OGRA, to closely monitor the fuel market. The committee has called for immediate action against individuals or businesses found involved in hoarding or other illegal market practices to ensure uninterrupted availability of petroleum products.
