The Prime Minister Shehbaz Sharif-led federal government is likely to hike petroleum product prices from July 16.
Industry insiders indicate that petrol may become costlier by approximately Rs6.60 per litre, while the price of high-speed diesel (HSD) is expected to go up by around Rs5.27 per litre.
The price revisions, if implemented, will take effect from July 16 and remain in place for the following 15 days.
The Oil and Gas Regulatory Authority (Ogra) is expected to send its working paper on the revised petroleum pricing to the Ministry of Energy (Petroleum Division) on Monday. The proposal includes input from oil marketing companies, which submitted their pricing data to Ogra earlier this week.
The Ministry of Finance will make the final announcement after consultation with Prime Minister Shehbaz Sharif. While Ogra provides a technical estimate based on global oil trends, the government retains discretion over whether to absorb or pass on the price fluctuations to consumers.
An official from the energy ministry, speaking on condition of anonymity, said: “Any change in domestic fuel prices is driven by international market movements and the exchange rate. However, the government also factors in its fiscal position before approving price adjustments.”
Current petrol and diesel prices in Pakistan
As of July 1, 2025, petrol (Super) is being retailed at Rs266.79 per litre and high-speed diesel at Rs272.98 per litre across the country. A potential increase of Rs6.60 would push petrol prices above Rs273 per litre, while diesel may approach Rs278 per litre.
