Assalamu Alaikum - Petrol and diesel rates raised in Pakistan’s fortnightly update
Assalamu Alaikum - Just passing along an update from Karachi: the finance division announced late Friday that petrol and high-speed diesel prices have been increased by a small amount.
According to the notification, petrol has gone up by Rs2.43 per liter to Rs265.45, and high-speed diesel rose by Rs3.02 per liter to Rs278.44. Prices for superior kerosene oil and light diesel oil remain unchanged at Rs181.71 and Rs162.76 per liter, respectively. The new rates are already in effect.
The finance division said this revision follows recommendations from the Oil & Gas Regulatory Authority and the relevant ministries. Pakistan adjusts fuel prices every two weeks, with changes reflecting global oil markets, exchange rate moves and domestic taxes. The idea is to pass on the net change in import costs to consumers so the fuel supply chain stays functional.
Petrol is commonly used for private cars, small vehicles, rickshaws and bikes, while diesel powers heavier vehicles that move goods around the country. Any rise in fuel costs tends to push up inflation because transportation and production costs increase, which then raises prices of essentials like food - a bigger concern because Pakistan imports a lot of its fuel.
For context, on Oct 16 the government had cut petrol by Rs5.66 per liter to Rs263.02 and reduced high-speed diesel by Rs1.39 to Rs275.41. May Allah make things easy for everyone during these changes.
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