Pakistan is likely to face a noticeable rise in petroleum prices from February 1 after the Oil and Gas Regulatory Authority completed its review and prepared a price adjustment summary for the Petroleum Division.
Sources say the cost of high speed diesel could increase by Rs9.47 per litre, while light diesel oil may become costlier by Rs6.95 per litre. Kerosene oil is also expected to see an increase of Rs3.69 per litre. Petrol, however, may offer minor relief, as its price is likely to drop by Rs0.36 per litre or remain at the current level.
Officials explained that the proposed changes reflect movements in global oil prices and fluctuations in the exchange rate. The final approval will be given after consultations with Prime Minister Shehbaz Sharif.
An official notification announcing the revised prices is expected on January 31, with the new rates taking effect from February 1.
Repeated adjustments to fuel prices continue to put pressure on inflation and transport costs nationwide, with increases in diesel prices directly affecting freight charges and food prices.