Petrol Prices Pakistan: Up to Rs6.60 Hike Expected

Petrol prices in Pakistan are expected to rise by Rs6.60 per litre, while high-speed diesel may increase by Rs5.27 per litre, following a fortnightly review in July 2025, pending approval from Prime Minister Shehbaz Sharif. The increase is due to the upward trend in global oil prices, which have risen by over 2% in recent days amid concerns over US sanctions on Russia and ongoing tariff uncertainty.

The proposed increase includes Rs6.60 per litre for petrol, Rs5.27 per litre for high-speed diesel, and reductions of Rs3.74 and Rs2.23 per litre for kerosene and light diesel, respectively. The Oil and Gas Regulatory Authority (OGRA) has completed its work and will submit a final summary to the government, awaiting Prime Minister Shehbaz Sharif's approval.

The price adjustments will be effective for the next fortnight as part of the government's regular price review mechanism. The federal government is expected to revise petroleum prices in the upcoming fortnightly review, with preliminary estimates suggesting mixed adjustments based on recent changes in global oil prices. The revised prices will be submitted to the Prime Minister's Office for approval, with the final decision resting with Prime Minister Shehbaz Sharif.

The new rates will be applicable for the next 15 days following approval. The increase in petrol prices is expected to impact the overall economy, as fuel prices have a ripple effect on the cost of goods and services. The government's decision on the price hike is eagerly awaited, as it will have a direct impact on the daily lives of citizens.