The Pakistani government is preparing to review fuel prices in response to recent global oil market fluctuations. Preliminary calculations suggest significant changes to petroleum product rates in the upcoming fortnightly adjustment.
Petrol prices may increase by up to Rs 6.60 per litre, while high-speed diesel (HSD) could rise by Rs 5.27 per litre. In contrast, kerosene prices are expected to decrease by Rs 3.74 per litre, and light diesel oil (LDO) may drop by Rs 2.23 per litre.
A summary containing these proposed adjustments will be forwarded to the Prime Minister’s Office on Monday for final consideration. Prime Minister Shehbaz Sharif will make the ultimate decision, after which the Finance Ministry will officially announce the revised prices. The new rates, once approved, will remain effective for the next fifteen days.
This review follows the July 1 adjustment when the government increased petrol prices by Rs8.36 per liter. According to the Finance Ministry’s notification, this brought petrol to Rs266.89 per litre and high-speed diesel to Rs272.98 per litre after a Rs10.39 per litre hike.
The government had previously delayed announcing petroleum product price changes, missing the standard midnight deadline for revision. This upcoming adjustment continues Pakistan’s fortnightly fuel pricing mechanism designed to reflect global oil market trends while considering domestic economic factors.
