Petrol and Diesel Prices Expected to Rise
The Pakistani government is reportedly planning to raise petroleum product prices for the next 15 days, effective November 1, 2025. This comes as part of the regular bi-weekly price review conducted by the Oil and Gas Regulatory Authority (OGRA).
According to sources, OGRA has prepared a summary of price adjustments, which will be submitted to the Ministry of Finance on October 31. Once approved, the ministry will officially announce the new rates.
Estimated Price Hike
Preliminary estimates suggest petrol could increase by PKR 2.35 per litre, while high-speed diesel (HSD) may see a rise of PKR 2.50 per litre. If approved, these new prices will be implemented from November 1, 2025.
The proposed increase comes after a series of economic pressures that have pushed fuel costs higher.
Economic Factors Driving the Increase
Analysts point to several key factors behind the potential hike:
Global oil prices: A slight rise in international crude oil rates has contributed to increased costs for imported fuel.
Import expenses: Higher logistics and transportation costs have added to the burden on petroleum prices.
Currency depreciation: The weakening Pakistani rupee has raised the local cost of imported fuel.
Taxes: Increased duties and levies on petroleum products have also played a role.
Experts note that the magnitude of the price increase depends largely on the stability of global crude oil prices. If rates remain steady over the next fortnight, the government may limit the increase. However, further depreciation of the rupee or a surge in oil prices could lead to higher adjustments.
Outlook for Consumers
For consumers, this increase will impact transportation costs and the price of goods, as fuel is a key input for businesses and logistics. Analysts advise monitoring the situation closely, as bi-weekly price adjustments are standard practice in Pakistan, meaning rates could fluctuate again in mid-November.
The government is expected to provide an official update after the Finance Ministry’s approval, and consumers are urged to follow verified announcements to avoid confusion from unconfirmed reports circulating on social media.
