Petroleum prices in Pakistan are expected to rise starting from November 16, 2024, following the government’s review of oil price trends in the global market. The price increase is anticipated to impact both petrol and diesel rates, as international crude oil prices have surged in recent weeks due to various global economic factors, including supply disruptions and geopolitical tensions.
Sources within the Ministry of Finance have confirmed that the Pakistan government is closely monitoring these global trends, and an official announcement regarding the exact increase will be made shortly. The hike is expected to add further pressure on consumers already grappling with rising inflation, impacting transportation costs and daily living expenses across the country.
This price adjustment follows a pattern of regular reviews in line with global oil price movements, as the government seeks to balance domestic demand with economic stability.
