ISLAMABAD: Petrol prices in Pakistan may witness another increase next week as international crude oil markets remain volatile due to Middle East tensions and supply concerns. Market analysts believe the government could pass on the impact of rising global oil prices to consumers in the upcoming petroleum price review.
Currently, the price of petrol in Pakistan stands at Rs409.78 per litre, while High-Speed Diesel (HSD) is being sold at Rs409.58 per litre after the latest government notification effective from May 16, 2026.
Reports suggest that if international crude prices continue to climb and the government increases the petroleum levy under IMF conditions, petrol prices could rise by Rs5 to Rs15 per litre in the next revision. Some reports have even warned that fuel prices may eventually cross Rs430 per litre if global tensions intensify further.
Experts say the closure threats around key oil shipping routes and rising global diesel demand are putting additional pressure on oil-importing countries like Pakistan.
According to the latest notifications issued by OGRA, the government reviews petroleum prices every fortnight based on international market trends and exchange rate fluctuations.
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