The Federal Government of Pakistan will announce adjustments to petroleum product prices on Friday. Petroleum Minister Ali Parvez Malik said the new rates will be based on average global petroleum prices. It is currently unclear whether petrol prices will rise or fall.
Finance Minister Mohammad Aurangzeb stated that global petroleum prices are increasing due to tensions in the Middle East. He added that the IMF is monitoring the impact of the regional conflict on Pakistan’s economy. If the war continues, external payments could face pressure and remittances may be affected.
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Ali Parvez Malik confirmed that Friday’s announcement will reflect average petroleum product prices. Officials are waiting for the global market to stabilize before finalizing rates. No official statement has been made regarding a potential increase in petrol prices.
Last week, the government raised petrol and diesel prices by Rs 55 per liter. The decision was influenced by rising oil prices in international markets and regional instability due to the ongoing Gulf crisis.
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Authorities are closely monitoring global energy markets and regional developments. The upcoming announcement will set rates for the next week, balancing domestic economic concerns with fluctuating international fuel prices.