Petrol Prices in Pakistan to Rise Amid Global Oil Surge

Petrol prices in Pakistan are expected to increase by Rs11 per litre, while diesel prices may rise by up to Rs15 per litre, starting July 1, 2025, due to the global surge in crude oil prices and the depreciation of the Pakistani rupee.

The Oil and Gas Regulatory Authority (OGRA) is set to send a summary to the Ministry of Petroleum, with an official announcement expected later tonight. This price hike is attributed to the global increase in crude oil prices and the depreciation of the Pakistani rupee, which has put pressure on the country's economy. The government has also notified a 50% increase in fixed gas charges for domestic consumers, effective from July 1, as decided by the Economic Coordination Committee (ECC).

The increase in petrol and diesel prices is likely to have a significant impact on the daily lives of Pakistani citizens, who are already facing economic challenges. The government's decision to increase fixed gas charges for domestic consumers will also affect household budgets, with fixed charges rising to Rs600 (Protected category) and Rs1,500 (non-Protected category). The price of gas itself remains unchanged, but prices for general industries, power stations, and independent power producers have risen.

The Oil and Gas Regulatory Authority (Ogra) has notified the increase, with the aim of meeting the revenue requirement of the two gas companies. The average revenue requirement for Karachi-based Sui Southern Gas Company Ltd (SSGCL) has been determined at Rs354bn for the next fiscal year. As the country faces economic challenges, the government's decisions on petrol and gas prices will be closely watched by citizens and economists alike.