Pakistan’s fuel prices are set to rise starting December 1, as the government is expected to increase the rates of petrol and diesel by Rs 5 to Rs 10 per liter. The hike comes as a response to the ongoing surge in global oil prices, which have been affecting local fuel costs.
Sources within the Ministry of Finance suggest that the new prices will be finalized after a review of the global oil market trends and exchange rates. The increase is likely to put further pressure on Pakistan’s already strained economy, particularly impacting transportation costs and overall inflation.
This move follows a series of adjustments in the fuel prices over the past few months, with the government striving to balance fiscal needs while avoiding too much strain on consumers.
Experts warn that the price increase could lead to higher transportation costs, which would affect goods and services across the country. Citizens are urged to prepare for the impact, while calls for long-term solutions to reduce dependence on imported oil continue to grow.
