Petrol price in Pakistan has jumped by Rs5.36 per litre following a fresh revision announced by the Finance Division late Tuesday night. The price has increased from Rs266.79 to Rs272.15 per litre. High-speed diesel (HSD) has seen an even steeper rise, going up by Rs11.37 per litre; from Rs272.98 to Rs284.35.
These revised prices take effect from July 16 and will remain in place for the next 15 days. The government attributed the increase to shifting trends in the international oil market, which have seen a notable surge in global fuel prices.
This is the second major hike in July. Earlier this month, fuel prices were also raised, with authorities linking the adjustment to rising oil costs amid the 12 day Iran-Israel conflict.
How Pakistan sets its petrol prices
Pakistan reviews fuel prices twice a month. The changes are based on international crude oil rates and the value of the Pakistani rupee against the US dollar. Since the country relies heavily on imported petroleum products, any global market disruption directly affects domestic fuel prices.
This system, while designed to keep pricing responsive to market trends, also means that local consumers are quickly impacted by external conflicts or economic shocks. The recent increase is a clear example of how tensions in the Middle East can have direct consequences at Pakistani petrol pumps.
Fuel price hike hits everyday life
The impact of this fuel price hike goes beyond the pump. Transport fares, food prices, and electricity costs are all affected. A rise in diesel prices, in particular, makes goods movement more expensive, which trickles down to shop shelves and household expenses.
Experts say that if global tensions continue, fuel prices may keep rising. They warn that this could worsen inflation and deepen economic challenges for the country’s lower and middle income groups.
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