Experts are warning that petrol prices in Pakistan could rise significantly in the near future, with some predicting an increase of up to Rs 20 per liter. The sharp hike comes amid rising global oil prices and a weaker Pakistani rupee, which is putting increasing pressure on the country’s fuel import costs.
According to industry sources, the price of petrol in Pakistan has been relatively stable for several months. However, the global oil market has been experiencing an upward trend in recent weeks, fueled by supply cuts from major oil-producing countries and disruptions in global energy markets. These factors, combined with a depreciating rupee, are expected to lead to an adjustment in domestic fuel prices.
The government has been monitoring the situation closely, but officials have not yet confirmed the exact timing or extent of the price increase. However, sources suggest that the price hike could be implemented within the next week or two. If the prices rise as anticipated, it will put additional strain on Pakistan’s already struggling economy, especially as inflation continues to soar.
Consumers are likely to feel the impact of the price hike at gas stations across the country, with increased transportation costs potentially driving up the prices of goods and services. Public transport fares are also expected to rise, leading to further financial burdens for ordinary citizens.
For now, the government is urging the public to brace for the possible price adjustments, and experts are advising consumers to conserve fuel wherever possible as prices are likely to remain volatile in the coming months.
