Petrol and diesel prices in Pakistan are expected to rise again for the next 15 days. According to industry sources, petrol may go up by Rs6.60 per litre, while high-speed diesel (HSD) could increase by Rs5.27 per litre. The possible hike is due to the continued rise in international crude oil prices.
On the other hand, kerosene and light diesel oil (LDO) may see small relief. Kerosene could become cheaper by Rs3.74, and LDO may drop by Rs2.23 per litre. These revised prices would apply from July 16 under the government’s regular price adjustment system.
OGRA (Oil and Gas Regulatory Authority) has completed its review based on updated global rates. The pricing summary has been sent to Prime Minister Shehbaz Sharif, whose approval is needed before any official announcement. A decision is expected tonight, and the new prices will apply until July 31.
The last fuel price hike came on July 1, when petrol jumped by Rs8.36 to Rs266.79, and diesel by Rs10.39 to Rs272.98 per litre. That increase followed global market disruptions during the 12-day Iran-Israel conflict, which led to supply fears and higher prices.
Since Pakistan imports around 85% of its petroleum, international price changes have a direct impact locally. With tensions in oil-producing regions and the rupee under pressure, experts warn more fuel price shocks could hit in the coming weeks.