Petrol and diesel prices in Pakistan are expected to increase from tonight following a sharp rise in international oil prices triggered by renewed US-Iran tensions. According to media reports, the federal government is preparing to revise petroleum prices for the next seven days, with an official notification from the Petroleum Division expected shortly.
Sources indicate that petrol is likely to increase by around Rs. 13 per litre, taking the expected price to approximately Rs. 310 per litre. Meanwhile, high-speed diesel (HSD) is expected to become costlier by nearly Rs. 14 per litre, bringing the new price to around Rs. 324 per litre.
The anticipated price hike comes just one week after the government reduced fuel prices. During the previous review, petrol was cut by Rs. 1.97 per litre to Rs. 297.53, while diesel was also reduced by Rs. 1.97, bringing its price down to Rs. 309.50 per litre.
Officials say the latest increase is linked to rising crude oil prices in the global market, where geopolitical tensions have fueled concerns over potential supply disruptions. Pakistan, which relies heavily on imported petroleum products, is directly affected by fluctuations in international oil prices and exchange rate movements.
Major Reduction Expected in Petrol and Diesel Prices from December 1
If approved, the revised fuel prices will remain effective for the next seven days under the government’s weekly petroleum price adjustment mechanism.
Higher fuel prices are expected to increase transportation costs, logistics expenses, and overall inflation, affecting both businesses and consumers across the country. Economists warn that rising petroleum prices could also lead to higher prices for essential goods and services in the coming days.
Motorists and businesses are now awaiting the official announcement from the Petroleum Division, which will confirm the new petrol and diesel prices and determine how much consumers will pay at fuel stations across Pakistan.
