Islamabad: petrol and diesel prices in pakistan are expected to rise sharply starting july 1, 2025, as global oil markets tighten and the rupee continues to weaken. petrol prices may increase by rs11 per litre, while high-speed diesel could see a jump of rs15 per litre, according to sources within the petroleum division.
The oil and gas regulatory authority (ogra) is set to send its official pricing summary to the petroleum ministry today. once reviewed and finalized by the finance minister in consultation with the prime minister, the new fuel prices will be announced officially later this evening.
This latest hike follows the June 16 increase, where petrol rose by rs4.80 per liter and diesel by rs7.95 per liter. the back-to-back hikes are adding pressure on consumers already grappling with rising inflation.
In a separate development, ogra has issued a notification confirming significant hikes in domestic gas prices, effective july 1, 2025. gas tariffs have been raised by as much as 50% in certain categories, affecting both household and commercial users.
For domestic consumers, the revised gas prices now range between rs200 to rs4,200 per MMBtu, depending on consumption slabs. Ogra has also introduced fixed monthly charges for various consumer categories, further increasing the financial burden on citizens.
Experts warn that these adjustments could lead to a fresh wave of inflation, affecting the cost of transportation, electricity, and basic goods. public reaction remains tense, with many criticizing the government for failing to cushion the impact on middle- and lower-income groups.
The government maintains that the price revisions are necessary due to external economic factors and are aimed at stabilizing energy supply and meeting international obligations under loan agreements. however, as of now, the relief measures for vulnerable populations remain unclear.
