Bad news for the people of Pakistan — fuel prices are likely to go up again. According to the latest reports, the government is planning to increase petrol by Rs 2 per litre and diesel by Rs 10 per litre. The final decision will be made soon by the Ministry of Finance and OGRA (Oil and Gas Regulatory Authority).
Why Are Prices Going Up?
The main reason for this increase is the rise in international oil prices. When global oil becomes expensive, Pakistan also has to pay more for imports. Another major reason is the fall in the value of the Pakistani rupee against the US dollar, which makes buying oil costlier.
If this new price is approved, petrol may reach Rs 267 per litre, and diesel could touch Rs 288 per litre. Diesel prices are increasing more because it is widely used in trucks, buses, and agriculture machinery. This will likely raise transport fares and food prices in the coming days.
Public Reaction to the Expected Hike
People are worried and frustrated about this possible increase. Many citizens say that every time fuel prices go up, everything else also becomes expensive — from vegetables to public transport.
One shopkeeper said, “Prices keep rising but our income stays the same. It’s getting harder to manage monthly expenses.”
These frequent price changes have made it difficult for families to plan their budgets.
Government’s Explanation
Officials say that fuel prices are adjusted according to global rates and exchange rates. If international oil prices drop, the government claims it will reduce local prices as well.
Experts believe that one solution could be to reduce taxes and petroleum levy, which is currently around Rs 60 per litre. Even a small cut could help reduce the burden on the people.
What to Expect Next
The upcoming price revision will affect transportation, agriculture, and overall inflation. A small change in petrol or diesel prices can quickly impact the cost of goods across the country.
For now, Pakistanis are waiting for the official announcement. Many hope that the government will find a way to control fuel prices and bring some relief to the public. But if the increase happens as expected, it will be yet another test for the common man already struggling with rising costs.
