Pakistan’s petrol prices are expected to rise by Rs. 2.58 per litre, according to reports from sources within the Oil and Gas Regulatory Authority (OGRA). The price hike comes in the face of increasing global oil prices and a depreciating rupee, both of which have contributed to the mounting pressure on the country’s fuel subsidy program.
The new petrol rates are likely to be implemented after approval from the Ministry of Finance and the federal government. If passed, the increase will take effect at the start of the next pricing cycle, which is expected to occur within the coming days. The adjustment will impact commuters, businesses, and the overall cost of goods, further burdening the average consumer in an already challenging economic climate.
This move follows a series of previous hikes, with petrol prices in Pakistan seeing gradual increases over the past few months due to ongoing global oil market volatility and rising domestic inflation.
