ISLAMABAD: Petrol prices in Pakistan may rise by Rs1.54 per litre from September 16, while high speed diesel (HSD) could see a steeper increase of Rs4.79 per litre, according to industry insiders.
The Oil and Gas Regulatory Authority (OGRA) will finalise its calculations on September 15 and forward the summary to the Petroleum Division. After adding levies and taxes, the proposal will be sent to the prime minister for approval. New rates will take effect following the premier’s consent.
Preliminary estimates also suggest an increase of Rs3.06 for kerosene oil and Rs3.68 for light diesel oil (LDO).
Earlier, on September 1, the government had announced a Rs3 per litre cut in diesel prices, bringing HSD down from Rs272.99 to Rs269.99, while keeping petrol steady at Rs264.61 per litre. Prices of kerosene and light diesel were also reduced slightly by Rs1.46 and Rs2.40 respectively, reflecting a routine fortnightly review of global oil rates and currency movements.
The review considered factors such as international crude prices, exchange rates, and domestic cost components including the Inland Freight Equalisation Margin (Rs8.05 for petrol, Rs6.20 for diesel), along with levies like the Petroleum Levy (PL) and Climate Support Levy (CSL) all of which significantly shape retail fuel prices.
This marked the second consecutive fortnight where petrol prices remained unchanged while other fuels dropped, following steep cuts on August 15, when diesel fell by Rs12.84 and kerosene and LDO by Rs7.19 and Rs8.20 per litre.
If approved, the upcoming revision will reverse the downward trend, burdening consumers already coping with higher living costs.
