Government Raises Petrol by Rs14.92, Diesel by Rs15 Per Litre
The federal government has announced a sharp increase in fuel prices, raising petrol by Rs14.92 per litre and high-speed diesel by Rs15 per litre in the latest fortnightly revision, effective from the early hours of Saturday. The decision, communicated through an official notification, marks one of the steeper fuel price adjustments in recent months and is expected to have an immediate cascading effect on transportation costs and consumer prices nationwide.
The revision comes amid persistent pressure on Pakistan's energy pricing framework, with global oil market dynamics and exchange rate movements cited as key drivers. Fuel prices in Pakistan are revised on a fortnightly basis in consultation with the Oil and Gas Regulatory Authority, and the government has limited room to absorb international price shocks given its ongoing fiscal consolidation commitments under the IMF programme.
The hike in high-speed diesel is particularly significant given its central role in freight transport, agriculture, and industrial operations. A rise of Rs15 per litre is likely to translate into higher input costs across supply chains, adding to inflationary pressures that the government has been attempting to bring under control over the past several quarters.
For petrol consumers, the increase will directly impact private vehicle running costs and fares in the informal transport sector. The combined effect of both revisions is expected to ripple across the economy, with analysts warning that second-round inflation effects could surface within weeks if food and logistics costs adjust upward in response.
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Government Raises Petrol Price Rs14.92, Diesel Rs15 Per Litre
Following earlier reports of an imminent fuel price revision, the federal government has confirmed a significant increase in petroleum product prices, with petrol rising by Rs14.92 per litre and high-speed diesel climbing Rs15 per litre in the latest fortnightly adjustment. The hike, one of the steeper revisions in recent months, takes effect immediately and will directly impact transportation costs, agricultural inputs, and the cost of goods across the supply chain, with knock-on inflationary effects expected across multiple sectors of the economy.