Petrol price increases by Rs3.66 per litre to Rs335.18, while high-speed diesel jumps Rs4.80 to Rs383.46 amid ongoing daily pricing trial.
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced another increase in petroleum prices, raising the rates of petrol and high-speed diesel (HSD) for the fifth consecutive day, further increasing fuel costs for consumers across Pakistan.
According to a notification issued on Friday, the price of petrol has been increased by Rs3.66 per litre, taking the new rate to Rs335.18 per litre.
Meanwhile, the price of high-speed diesel (HSD) has gone up by Rs4.80 per litre, with the new rate fixed at Rs383.46 per litre.
Fifth Consecutive Fuel Price Increase
The latest revision marks the fifth straight daily increase in fuel prices under the government’s ongoing daily pricing mechanism, adding to concerns over rising transportation costs, inflation and the overall cost of living.
Higher diesel prices are expected to impact the agriculture and logistics sectors, while the increase in petrol rates is likely to raise commuting expenses for millions of motorists.
Petrol Dealers Postpone Nationwide Strike
The announcement comes days after the All Pakistan Petrol Pumps Association postponed its planned nationwide strike following successful negotiations with the government.
At a joint press conference, Petrol Pump Owners Association Information Secretary Nadeem Khan said the decision was taken after Petroleum Minister Ali Pervaiz Malik assured dealers that their long-standing concerns would be addressed.
“We have received assurances that our issues will be resolved, so we have decided to postpone the strike,” Khan said, adding that the issue of dealer profit margins is expected to be settled within the next two weeks.
Government Testing Daily Fuel Pricing
Petroleum dealers’ representative Raja Waseem said the government informed the association that the daily petrol and diesel pricing mechanism was currently being implemented on a 15-day trial basis.
He noted that dealers had considered industrial action due to persistent operational challenges but welcomed the government’s willingness to engage in dialogue.
“We appreciate the government’s efforts and hope the promised solutions will be implemented within two weeks,” he said.
Government Promises Resolution
Petroleum Minister Ali Pervaiz Malik said the Ministry of Petroleum and OGRA were finalising a proposal to address dealer margin issues, which would soon be submitted to the federal cabinet for approval.
He assured stakeholders that the government remained committed to resolving their concerns promptly.
“If no progress is achieved, we will meet again after two weeks to review the situation,” the minister said.
The minister also explained that the recent increase in petroleum prices was driven by prevailing market conditions and stressed that OGRA’s daily pricing mechanism would continue to operate in a transparent and fair manner.
The continued rise in fuel prices is expected to place additional pressure on household budgets and business operating costs as Pakistan navigates ongoing economic challenges.
