Petrol prices likely to rise by Rs4–5 per litre

ISLAMABAD: Petrol prices in Pakistan are expected to increase by around Rs4-5 per litre, while high-speed diesel prices are also expected to see a marginal increase.

Sources familiar with the development said that the ex-refinery price of petrol will increase from Rs270.03 to Rs274.77 per litre, amid upward revision due to international market trends.

The main reason behind the expected increase is the increase in global oil prices, where petrol FOB (free on board) prices have increased from $139.03 to $143.01 per barrel, putting direct pressure on the domestic pricing mechanism.

Despite a slight reduction in premiums and other related costs, officials said that the overall upward trend in global prices could not be met. The expiry of previous price adjustments by Pakistan State Oil (PSO) has also contributed to the expected increase, which has further tightened pricing.

Petrol Price in Pakistan

Diesel, whichs is directly linked to surge in transport prices, is expected to see relatively minor increase of around Rs 0.20 per litre, offering some relief to consumers. Although international diesel prices have also surged significantly, reductions in customs duties and other charges are expected to absorb most of the impact, limiting the burden on end users.

Petrol consumers are likely to feel the immediate impact of fluctuations in global oil markets, while diesel prices remain comparatively stable due to government intervention and policy adjustments.

The final decision will depend on upcoming government assessments of taxes, petroleum levies, and exchange rate adjustments, which will determine the actual revised fuel prices for the next fortnight.