Pakistani consumers may face another financial burden as petroleum product prices are expected to rise significantly from February 16. Sources have revealed that the government has prepared proposals for increasing rates across all major fuel categories.
According to these sources, the price of petrol is likely to go up by Rs4.39 per litre. If the government approves this proposal, petrol will cost Rs257.56 per litre instead of the current Rs253.17. This increase will directly affect millions of people who use motorcycles, cars, and other vehicles for their daily travel needs.
High-speed diesel, which is essential for the country’s transport and agriculture sectors, may become costlier by Rs5.40 per litre. The new price would rise from Rs268.38 to Rs273.78 per litre. Diesel price hikes have a wider impact on the economy because they increase the cost of transporting goods. When transport becomes more expensive, the prices of food items and other essential commodities also go up for ordinary consumers.
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Kerosene oil, still used in many remote areas for cooking and heating where gas is not available, may see an increase of Rs4 per litre. Light diesel oil, which is mainly used in industrial operations, is projected to rise by Rs6.55 per litre.
Officials say that the Oil and Gas Regulatory Authority will send a summary of these proposed changes to the Petroleum Division. After receiving approval from Prime Minister Shehbaz Sharif, a formal notification will be issued announcing the new rates. If approved, the revised prices will come into effect from February 16 and remain in place for the next two weeks.
These expected increases come at a time when inflation is already putting heavy pressure on household budgets across the country. The rise in diesel prices is especially concerning because it will likely trigger another wave of price hikes in essential goods and services, making daily life even more difficult for common citizens.
