Pakistan’s fuel prices are expected to change from February 1, with early estimates suggesting minor relief for petrol users but a sharp increase in diesel prices, potentially affecting transport, food costs, and inflation.
Industry sources indicate that pricing proposals have already been shared with the Oil and Gas Regulatory Authority (OGRA), setting the stage for an official government decision.
📉 Petrol May Get Marginal Relief
According to preliminary calculations:
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Petrol prices could drop slightly
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The expected reduction is less than one rupee per liter
While the decrease may provide psychological relief, experts say the impact on household budgets will likely remain limited.
📈 Diesel Price Increase Raises Serious Concerns
In contrast, high-speed diesel (HSD) is expected to become significantly more expensive.
Early estimates suggest:
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Diesel prices could rise by nearly Rs. 9.5 per liter
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This would directly affect transport, agriculture, and logistics
Economists warn that diesel price hikes usually push inflation upward, especially food and freight costs.
🛢️ Other Petroleum Products Also Under Review
Besides petrol and diesel:
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Kerosene oil may see an increase
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Light diesel oil (LDO) prices are also expected to go up
These changes could impact rural households and small businesses that rely on alternative fuels.
📝 What Happens Next?
Industry officials confirm that:
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A working paper has been submitted to OGRA
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OGRA is expected to forward its summary to the Petroleum Division
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The federal government will then decide on taxes and petroleum levy adjustments
The final decision will be taken after consultations between the Finance Ministry and Prime Minister Shehbaz Sharif.
⚖️ Can the Government Reduce the Impact?
Sources say the government may adjust taxes or levies to soften the blow, particularly for diesel users. However, any such relief will depend on fiscal space and IMF-related constraints.
🔎 Why This Matters for Pakistanis
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Diesel price hikes often lead to higher transport fares
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Food and essential goods may become more expensive
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Even a small petrol price cut may not offset broader inflationary pressure
📌 Final Takeaway
While petrol users may see minor relief, the expected diesel price hike could have wide economic consequences. All eyes are now on the government’s final announcement, expected before the new pricing cycle begins.
Stay alert — fuel prices affect everything, not just your fuel tank.
