Consumers in Pakistan may face yet another surge in fuel costs, with the federal government likely to announce a fresh hike in petroleum product prices starting July 16, 2025.
According to industry estimates, petrol is expected to rise by Rs6.60 per litre, while high-speed diesel (HSD) could see an increase of around Rs5.27 per litre. If approved, these new rates will be applicable for a 15-day cycle, aligning with Pakistan’s routine fuel pricing mechanism.
The Oil and Gas Regulatory Authority (OGRA) is scheduled to submit its pricing proposal to the Ministry of Energy’s Petroleum Division on Monday. This proposal is based on current global crude oil prices, freight charges, and the exchange rate, along with input from oil marketing companies.
Currently, petrol is priced at Rs266.79/litre, and diesel at Rs272.98/litre. If the suggested increase is approved, petrol would exceed Rs273, and diesel may inch closer to Rs278.
An energy official, preferring anonymity, stated that while OGRA’s role is technical, the final call rests with the Prime Minister, who will assess the government’s fiscal space and public impact before issuing a formal decision.
This anticipated adjustment comes at a time of fluctuating global oil prices, which have created a ripple effect across oil-importing economies like Pakistan. The government is walking a tightrope between managing inflationary pressures and meeting fiscal obligations under international agreements.
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