by In a development that could hit the wallets of millions of Pakistanis, petrol prices are set to rise significantly in the coming days. According to government and industry sources, a sharp increase in the price of petroleum products is expected due to a combination of global oil market fluctuations, currency depreciation, and revised taxation policies.
📈 Why Is Petrol Getting More Expensive?
Several key factors are driving the expected hike in petrol prices:
1. Surge in Global Crude Oil Prices
Crude oil prices in the international market have surged past $85 per barrel, fueled by geopolitical instability in the Middle East, reduced production by OPEC+, and seasonal demand spikes. This directly affects the cost of imported petroleum products in Pakistan.
2. Pak Rupee Depreciation
The Pakistani rupee has weakened against the US dollar in recent weeks, making imported fuel more expensive. Even minor currency fluctuations can lead to significant adjustments in petrol pricing.
3. Increased Government Levies
The government is also under pressure to meet IMF revenue targets, leading to the potential increase of the Petroleum Development Levy (PDL) or General Sales Tax (GST) on fuel. These taxes make up a large portion of the retail price.
⛽ How Much Will Petrol Prices Rise?
While the exact figures are yet to be officially confirmed, early estimates suggest a possible increase of PKR 10 to PKR 15 per litre in the next price revision by the Oil and Gas Regulatory Authority (OGRA).
If approved, this would push the petrol price beyond PKR 280 per litre, straining both individual consumers and commercial sectors like transportation, agriculture, and logistics.
Petrol is Getting a Huge Price Increase Soon
🚗 Impact on Daily Life
The ripple effects of a petrol price hike are widespread and immediate:
- Public transport fares may increase
- Food and essential goods could become costlier due to higher delivery charges
- Ride-sharing and delivery services may adjust their pricing
- Inflationary pressure will further reduce the purchasing power of ordinary citizens
💬 Government’s Stance
The Ministry of Finance has acknowledged that rising oil prices are a global concern, but insists that efforts are being made to minimize the burden on the public. Subsidies, however, remain limited due to budget constraints and IMF commitments.
OGRA is expected to announce the final price revision on June 30, with new prices taking effect from July 1, 2025.
📌 What Can You Do?
- Refuel your vehicle before the hike
- Limit non-essential travel
- Carpool or use public transport when possible
- Keep an eye on OGRA announcements and official notifications to stay informed
📝 Final Thoughts
As the cost of living continues to rise, the expected petrol price increase is yet another challenge for the average Pakistani household. While global market conditions are beyond our control, transparency in pricing and responsible fiscal policy will be crucial to minimizing the impact on everyday life.
Stay tuned for updates as the official price announcement nears.
