Pakistan’s Petrol, Diesel Prices to Rise

Fuel prices in Pakistan are expected to rise from October 16, 2024.
Petrol prices may rise by Rs5 per litre, while diesel could see a significant jump of Rs13 per litre.
The hikes reflect recent global price spikes in crude oil, petrol, and diesel.

LAHORE: Amid the government’s ongoing efforts to control inflation, fuel prices in Pakistan are expected to increase from October 16, 2024. The upcoming fortnightly review is likely to bring a rise in petrol and High-Speed Diesel (HSD) prices due to recent increases in crude oil costs on the international market.

Reports suggest that petrol prices may go up by Rs5 per litre, while diesel could see a more significant jump of Rs13 per litre.

The anticipated hikes reflect recent global price spikes in crude oil, petrol, and diesel. The local currency has remained relatively stable in the past two weeks, trading between 277-278 PKR per USD. However, ongoing unrest in the Middle East, particularly in Lebanon and Israel, has added pressure on international oil prices.

Current Petrol Price in Pakistan

Fuel Type	Current Price
Petrol (MS)	247.03
High-Speed Diesel (HSD)	246.29

In first half of October, petrol price is Rs247 and diesel at 246.29

Expected Petrol Price in Pakistan

POL	Expected Rates
Petrol (MS)	252
High-Speed Diesel (HSD)	260

If implemented, this would mark the first hike in fuel prices in over two months, following a period during which the government aimed to provide relief to the public by maintaining stable rates.

The increase in fuel prices is anticipated to have a cascading effect on transportation and production costs, potentially driving up the prices of goods and services across the country.

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