Petrol price in Pakistan is set to see a notable increase starting July 16, 2025, as the federal government led by Prime Minister Shehbaz Sharif reviews domestic fuel rates in light of volatile international crude oil prices and currency movements. Industry estimates suggest petrol could rise by around Rs6.60 per litre, while high-speed diesel (HSD) may increase by roughly Rs5.27 per litre.
Government Plans New Petrol Price Hike
According to officials familiar with the process, the Oil and Gas Regulatory Authority (Ogra) has completed its working paper based on the latest pricing data from oil marketing companies. This document, which reflects shifts in global oil benchmarks and exchange rates, will be submitted to the Ministry of Energy (Petroleum Division) on Monday.
Following this, the Ministry of Finance, after consultation with the prime minister, will announce the final decision. While Ogra provides technical recommendations, the federal cabinet retains the authority to absorb some of the cost or fully pass it on to consumers, depending on fiscal considerations.
An energy ministry official, speaking anonymously, noted:
“Fuel price adjustments largely depend on trends in international markets and the rupee-dollar parity. However, the government also evaluates its budgetary space before approving any revisions.”
Potential Petrol and Diesel Prices from July 16
As of July 1, 2025, petrol (Super) is selling for Rs266.79 per litre, and high-speed diesel stands at Rs272.98 per litre. If approved, the proposed hike would push petrol above Rs273 per litre, while diesel could near Rs278 per litre for the following 15 days.
Why Petrol Price Hike in Pakistan Matters
Rising petrol prices in Pakistan directly impact inflation, transport costs, and household budgets, making such revisions a major issue for consumers and businesses alike. With global oil markets experiencing uncertainty and domestic fiscal pressures mounting, experts caution that fuel prices may continue to fluctuate in the coming months.
The upcoming announcement will clarify how much of the international oil price changes will be transferred to consumers and how the government plans to manage its revenue and inflation targets.
