Motorists across Pakistan may soon face another increase in fuel prices with reports suggesting that the government is considering a revision effective from September 16.
According to industry sources, the upcoming review of petroleum product prices indicates a possible hike, mainly due to global market trends and currency fluctuations.
If the revision goes through, petrol and diesel are expected to see noticeable changes, which would directly impact transportation costs and general inflation.
Estimates suggest that petrol may increase by over one rupee per liter while diesel could rise by nearly five rupees per liter. Prices of kerosene oil and light diesel are also likely to climb making everyday fuel usage more expensive for households and businesses alike.
Officials have confirmed that the Oil and Gas Regulatory Authority (OGRA) is finalizing its working on the revised prices. The calculations will be forwarded to the Petroleum Division on September 15 for review.
The final decision will rest with Prime Minister Shehbaz Sharif, who will approve the adjustment before the government makes an official announcement.
Any upward revision in petroleum prices is expected to put further pressure on the public, especially at a time when the cost of living has already been rising.
Transporters and industry stakeholders are closely monitoring the situation as changes in diesel rates typically have a ripple effect on logistics and commodity prices across the country.
For now, all eyes are on the government’s announcement which will determine whether fuel prices rise again and how significantly they will affect the daily lives of citizens.
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