Pakistan is likely to witness a significant increase in petroleum product prices from February 1, as the Oil and Gas Regulatory Authority (OGRA) has finalized its price adjustment calculations and is preparing to forward a summary to the Petroleum Division.
According to official sources, the price of high-speed diesel is expected to rise by Rs. 9.47 per litre, while light diesel oil may become costlier by Rs. 6.95 per litre. Meanwhile, kerosene oil prices are likely to increase by Rs. 3.69 per litre.
In contrast, petrol consumers may get slight relief, as its price is expected to decline by Rs. 0.36 per litre or remain unchanged.
Reasons Behind the Expected Price Increase
Officials said the proposed changes are based on:
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International crude oil price trends
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Fluctuations in the exchange rate
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Import and transportation costs
These factors directly influence domestic fuel pricing in Pakistan.
Final Decision Awaited
The final decision on revised petroleum prices will be made after consultations with Prime Minister Shehbaz Sharif.
The Petroleum Division is expected to issue an official notification on January 31, after which the new prices will take effect from February 1.
Impact on Inflation and Daily Life
Frequent fuel price adjustments continue to affect inflation and transportation costs across the country.
Diesel price hikes, in particular, have a strong impact on:
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Freight charges
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Food supply chains
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Public transport fares
Experts warn that higher fuel prices may further increase the cost of living for ordinary citizens.
