Govt Raises Petrol and Diesel Prices in Fresh Fortnightly Review

By Shahzad Paracha :

Federal government has increased fuel prices in its latest fortnightly revision, citing movements in global oil markets and currency fluctuations.

According to a notification issued by the Petroleum Division, the price of petrol has been raised by Rs8 per litre, taking the new rate to Rs266.17 per litre. High-speed diesel has gone up by Rs5.16 per litre, bringing its price to Rs280.86 per litre. The revised rates come into effect from midnight and will remain in place for the next 15 days.

Officials said the adjustments reflect changes in international crude oil prices and exchange rate dynamics, which are factored into the country’s fuel pricing mechanism.

Inflation Concerns

The increase is expected to add to inflationary pressures, as fuel costs have a direct impact on transportation and logistics. Higher petrol and diesel prices typically translate into increased fares for public transport and rising costs for moving goods across the country.

Economists warn that the latest hike could push up prices of essential commodities in the coming weeks, further straining household budgets already grappling with a high cost of living.

Members of the public have voiced concern over the repeated adjustments in fuel prices, saying they directly affect daily commuting expenses and overall spending.

Global Market Pressures

Energy analysts say Pakistan’s petroleum pricing remains closely tied to international crude oil trends. Volatility in global energy markets, along with exchange rate movements, continues to shape domestic fuel rates.

With uncertainty persisting in global oil markets, further revisions in the coming months cannot be ruled out, analysts say.

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