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Pakistan Hikes Petrol, Diesel by Rs55 a Liter, Moves to Weekly Price Reviews

Officials tied the move to a global fuel surge following attacks on Iran, shifting oversight to a weekly review led by the deputy prime minister.

Overview

  • New prices took effect at midnight, setting petrol at Rs321.17 per liter and high-speed diesel at Rs335.86 per liter.
  • The government formed a high-level committee chaired by Deputy Prime Minister Ishaq Dar to review prices weekly and monitor supplies after stakeholder briefings from OGRA and PARCO.
  • Transport operators immediately raised fares, including increases of up to Rs230 on IslamabadLahore routes and up to Rs600 on IslamabadKarachi trips.
  • Khyber Pakhtunkhwa moved to limit petroleum use through precautionary steps, while Punjab assured ample reserves and warned against hoarding and profiteering.
  • In a separate development near Sheikhupura, a joint ANF–police operation left two alleged traffickers dead, one constable killed and a lady constable injured, with 81.6 kg of hashish and 19.2 kg of opium recovered and a case registered.