Islamabad – Pakistan is expected to see another hike in fuel prices as the government prepares to revise petroleum rates for the next fortnight starting November 16. According to industry estimates, the adjustment is being driven by rising global oil prices and fluctuations in the exchange rate, which continue to impact the country’s import bill.
Sources within the energy sector suggest that petrol prices may increase, adding pressure on consumers who are already grappling with rising inflation. The final decision will be made after the Oil and Gas Regulatory Authority (OGRA) submits its pricing summary to the federal government.
If approved, the new rates will be implemented from midnight on November 16, affecting motorists, transporters, and businesses nationwide. Analysts warn that any increase in petrol and diesel prices could lead to higher transportation costs, potentially pushing up the prices of essential commodities.
The government is expected to announce the official prices in the coming days.
