Pakistanis may see a slight relief in petrol prices from February 1, while diesel users are likely to face a significant increase, according to industry sources.
Initial estimates suggest that petrol prices may decrease by Rs 0.36 per liter, whereas high-speed diesel could increase by up to Rs 9.47 per liter. Meanwhile, kerosene oil is expected to rise by Rs 3.45 per liter, and light diesel oil may go up by nearly Rs 7 per liter.
OGRA Sends Price Recommendations
Sources reveal that the petroleum industry has submitted its working paper to the Oil and Gas Regulatory Authority (OGRA), recommending changes in fuel prices.
OGRA is expected to forward the summary to the Petroleum Division on January 30, after which the government will decide on adjustments in taxes and petroleum levy.
Government’s Final Decision Awaited
The final decision on fuel prices will be made by the Ministry of Finance in consultation with Prime Minister Shehbaz Sharif.
Experts say that if the government reduces taxes and levies, the burden on consumers may be eased.
Expected New Fuel Prices
If approved, the new prices may be:
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High-Speed Diesel: Rs 257.08 → Rs 266.55 per liter
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Petrol: Rs 253.17 → Rs 252.81 per liter
Impact on Public and Transport Sector
Diesel price hikes usually affect transportation, food prices, and overall inflation. Therefore, the expected increase may impact daily expenses across the country.
Citizens are advised to stay updated as official prices will be announced soon.
