Petrol & Diesel Price Hike in Pakistan Starting Today

A fresh round of petroleum price hikes is likely to take effect in Pakistan for the next 15 days, as reported by national media on Tuesday. Sources reveal that petrol prices could rise by Rs. 6.60 per liter and diesel prices by Rs. 5.27 per liter.

With these changes, petrol may reach Rs. 273.39 per liter, reflecting a 2.5% increase, while diesel might climb to Rs. 278.25 per liter, marking a 1.9% rise.

According to the report, “The main reasons behind this change are fluctuations in the exchange rate and adjustments in the Petroleum Levy (PL).” Despite the hikes in petrol and diesel, some relief may come in the form of reduced prices for other fuels. Kerosene oil is expected to become cheaper by Rs. 3.74 per liter, and light diesel oil (LDO) may drop by Rs. 2.23 per liter.

The increase is also linked to rising international oil prices. After U.S. President Donald Trump’s firm stance on Russia—”he would impose stricter trade sanctions on Russia if it does not stop its war against Ukraine”—global petroleum product (POL) prices have surged.

Currently, crude oil prices have surpassed $71 per barrel. If the geopolitical tensions persist, experts warn of further increases in petroleum rates, especially in import-dependent countries like Pakistan.