by The cost of living in Pakistan has taken yet another hit as the federal government has once again increased petrol prices, pushing them dangerously close to Rs. 270 per liter. This move comes amid rising global oil prices and a depreciating rupee, further burdening the already struggling citizens.
New Petrol Prices Announced
In a late-night announcement, the Ministry of Finance confirmed the revised prices of petroleum products, effective from July 1, 2025. According to the notification:
- Petrol: Increased by Rs. 7.45, bringing the new price to Rs. 269.75 per liter
- High-Speed Diesel (HSD): Hiked by Rs. 8.90, with the new price now Rs. 274.20 per liter
This marks the third consecutive increase in fuel prices over the past two months, reflecting the government’s struggle to manage the fiscal deficit and fulfill IMF requirements on revenue generation through petroleum levy.
Petrol Nears Rs. 270 Per Liter as Govt Again Increases Price.
Why the Hike?
The key reasons behind this price hike include:
- Global Oil Market Volatility
International crude oil prices have risen sharply in recent weeks due to increased demand and geopolitical tensions in the Middle East and Eastern Europe. - Pak Rupee Devaluation
The exchange rate continues to weigh heavily on imports. The weakening rupee means higher costs for importing refined petroleum products. - IMF Loan Conditions
As part of Pakistan’s agreement with the International Monetary Fund (IMF), the government must raise petroleum levies and reduce subsidies.
Impact on the Public
The ripple effect of increased fuel prices is immediate and widespread:
- Transport fares are likely to surge, directly affecting daily commuters.
- Goods and food prices may see another wave of inflation as logistics become costlier.
- Middle and lower-income households face tighter monthly budgets with no relief in sight.
Opposition and Public Reaction
The opposition parties have strongly criticized the government’s decision, calling it “anti-people” and demanding immediate rollback. Meanwhile, social media is abuzz with public outrage, as citizens share their frustration over skyrocketing inflation and stagnant wages.
What’s Next?
With the next bi-weekly review just two weeks away, many fear another possible hike if global prices continue to rise or the rupee falls further. The government claims it is working on alternative energy strategies and subsidies for the poorest, but these long-term plans offer little comfort for people struggling today.
Conclusion
As petrol nears Rs. 270 per liter, the burden on Pakistani households is becoming unbearable. Unless substantial economic reforms and relief mechanisms are implemented, fuel price hikes will continue to deepen the economic crisis for the average citizen. The call for accountability, transparency, and sustainable energy policy has never been louder.
