Islamabad: Petrol prices in Pakistan are expected to rise from November 1, according to initial reports from the petroleum division, as global oil rates continue to fluctuate and the rupee faces pressure against the US dollar.
Sources said that the Oil and Gas Regulatory Authority (OGRA) has submitted a summary to the government, proposing an upward revision in fuel prices for the first half of November. The final decision will be announced by the Ministry of Finance after reviewing international market trends and tax adjustments.
Analysts attribute the expected hike to higher import costs and global crude oil volatility, which have affected refinery margins and transportation expenses.
If approved, this would mark the first fuel price adjustment since mid-October, potentially increasing inflationary pressures on consumers already struggling with rising costs of living.
