Petrol prices in Pakistan are anticipated to increase once again starting February 1, 2025, according to sources within the Ministry of Finance. The hike is expected to be driven by a combination of rising global oil prices, fluctuations in the exchange rate, and adjustments to local tax rates.
Industry experts predict that the price of petrol could go up by as much as Rs. 10-15 per liter, impacting both commuters and the cost of goods nationwide. The potential price surge has already sparked concern among the public, as Pakistanis continue to grapple with inflationary pressures.
In response to the growing economic challenges, the government is under pressure to manage the rising fuel costs while ensuring that essential services and transport remain accessible. Discussions are ongoing within the Ministry of Finance and Oil and Gas Regulatory Authority (OGRA) to finalize the price adjustment in the coming days.
This anticipated increase follows a series of price hikes in recent months, marking another chapter in the country’s ongoing struggle with energy price volatility. Analysts caution that the situation may continue to evolve in the coming months, depending on global market trends and domestic economic conditions.
The public is urged to stay updated on official announcements as the government prepares to implement the new fuel pricing structure.
