An increase in the prices of petroleum products across Pakistan is expected from November 1, according to official sources on Wednesday. The anticipated price revision comes amid fluctuations in international oil markets and adjustments in domestic import costs.
As per initial estimates, the price of petrol is likely to rise by Rs1.48 per litre, while high-speed diesel (HSD) may see an increase of Rs1.38 per litre. Similarly, the price of kerosene oil is expected to go up by Rs2.34 per litre, whereas light diesel oil (LDO) could see a marginal rise of Rs0.49 per litre.
Sources revealed that the Oil and Gas Regulatory Authority (OGRA) will submit its summary of revised petroleum prices to the federal government on October 31. The final decision will be made the same day following approval from the Prime Minister.
The upcoming review is part of the government’s regular fortnightly price adjustments, which are based on global oil trends, exchange rate variations, and inland freight costs. Officials said that while international crude oil prices have remained somewhat stable, minor shifts in import premiums and the rupee’s performance against the US dollar have contributed to the expected upward revision.
If approved, the new prices will come into effect from midnight on October 31 and remain valid for the first half of November.
This would mark the second consecutive increase in petroleum product prices since the beginning of October, following earlier reductions in September that provided temporary relief to consumers. Economic analysts warn that another rise in fuel costs could add to inflationary pressures, impacting transportation, logistics, and overall commodity prices across the country.
The final rates, however, will depend on the prime minister’s decision after reviewing OGRA’s recommendations later this week.
