As Pakistan prepares for its routine mid-June fuel price assessment, early indications suggest a notable upward revision in petroleum rates—potentially by as much as Rs5 per litre.
Preliminary internal assessments, compiled by regulatory bodies, propose that petrol may see a slight uptick of Rs1.12 per litre.
However, the adjustment for high-speed diesel is expected to be steeper, possibly climbing by Rs5.27 per litre. Kerosene prices might also edge up by Rs4.13 per litre, if the proposals are approved.
The conclusive rates will be determined by the Ministry of Finance in coordination with Prime Minister Shehbaz Sharif.
These changes are influenced by recent trends in international oil pricing and fiscal recalibrations within the country, based on recommendations forwarded by the Oil and Gas Regulatory Authority (OGRA).
On June 1, authorities had marginally increased the petrol rate by Re1, bringing the figure from Rs252.63 to Rs253.63 per litre, while leaving diesel unchanged at Rs254.64 per litre.
Officials explained that such price alignments are driven by fluctuations in global energy markets and currency valuations. OGRA’s fortnightly evaluations serve as the basis for all price modification.
While the projected petrol rise appears modest, the anticipated diesel surge is expected to have ripple effects throughout key economic sectors.
Given diesel’s widespread use in transportation and agriculture, an increase could translate into escalated logistics expenses and higher prices for everyday goods.
With inflation already squeezing household budgets and operational expenses, especially for small-scale traders and public transport users, another fuel price escalation may deepen the financial burden on ordinary citizens and businesses alike.
