The Government of Pakistan has officially increased petroleum prices for the upcoming fortnight, bringing fresh financial pressure on citizens already facing rising inflation. The Petroleum Division has issued a formal notification confirming the revised rates of petrol and high-speed diesel.
This latest decision will remain effective for the next 15 days, impacting transportation costs, daily commodities, and overall inflation across the country.
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New Petrol Price in Pakistan
According to the official notification:
- Petrol price increased by Rs. 5 per litre
- New petrol price: Rs. 258.17 per litre
The increase means motorists across Pakistan will now have to pay more at fuel stations. Petrol is primarily used in motorcycles, cars, and small vehicles, which directly affects middle-class and lower-income households.
| Fuel Type | Increase Amount | New Price (Per Litre) |
|---|---|---|
| Petrol | Rs. 5.00 | Rs. 258.17 |
| High-Speed Diesel | Rs. 7.32 | Rs. 275.70 |
High-Speed Diesel (HSD) Price Increased
The government has also raised the price of high-speed diesel:
- Diesel price increased by Rs. 7.32 per litre
- New diesel price: Rs. 275.70 per litre
High-speed diesel is mainly used in heavy transport vehicles, buses, trucks, and agricultural machinery. An increase in diesel prices usually leads to higher transportation costs, which eventually affects food prices and other essential goods.
Official Notification Issued
The Petroleum Division has formally issued a notification regarding the revised petroleum prices. The new rates have come into immediate effect and will remain applicable for the next fortnight.
The government reviews petroleum prices every 15 days based on:
- International crude oil prices
- Exchange rate fluctuations
- Global market trends
- Import costs and petroleum levy adjustments
Why This Increase Matters
Petrol and diesel price hikes have a direct impact on:
Transportation Costs
Public transport fares may increase due to higher fuel expenses.
Inflation
Since diesel is used for transporting goods, the rise may push prices of vegetables, fruits, and other essentials higher.
Agriculture Sector
Farmers rely on diesel-powered machinery. Increased fuel prices can raise production costs.
Daily Commuters
Millions of motorcycle and car owners will feel the burden immediately.
Expected Impact on the Economy
Economic experts suggest that frequent fuel price adjustments create uncertainty in the market. When diesel prices increase significantly, it often leads to:
- Higher freight charges
- Increased production costs
- Rising commodity prices
- Pressure on small businesses
With petrol now at Rs. 258.17 per litre and diesel at Rs. 275.70 per litre, inflationary pressure may continue in the coming weeks.
Global Oil Market Influence
Pakistan imports a large portion of its petroleum products. Any increase in global crude oil prices or depreciation of the Pakistani Rupee against the US Dollar directly impacts local fuel prices.
If international oil prices continue to rise, further adjustments cannot be ruled out in the next review.
When Will Prices Be Reviewed Again?
Petroleum prices in Pakistan are revised every 15 days. The next review will determine whether prices increase further, decrease, or remain unchanged depending on international market conditions.
Citizens are advised to stay updated through official announcements from the Petroleum Division and government notifications.
Final Thoughts
The latest increase in petrol and diesel prices adds further pressure on consumers and businesses alike. As fuel costs rise, the impact will likely be seen in transportation fares and essential goods pricing across Pakistan.
With the new rates now officially implemented, citizens are hoping for stability in global oil markets in the coming weeks.
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