The government is preparing to impose another steep increase in petroleum prices, dealing a fresh blow to consumers already struggling with soaring inflation. Industry sources suggest petrol prices could rise by Rs11 per litre, with diesel potentially jumping by Rs15 per litre in the coming hours.
If approved, the new rates – expected to be announced late tonight – would push petrol and diesel prices beyond Rs270 per litre. The revised pricing structure will remain in effect for the next fortnight.
Current vs Proposed Rates:
- Petrol: Current Rs258.45/litre → Expected to cross Rs270/litre
- Diesel: Current Rs262.59/litre → Expected near Rs278/litre
The impending hike comes as Pakistanis grapple with historic inflation levels, with many households struggling to manage basic expenses. Transport operators and businesses reliant on fuel are particularly vulnerable to the price adjustment, which could trigger further increases in commodity prices across the board.