Pakistanis are preparing for yet another increase in petrol and diesel prices as international oil rates continue to soar. This adjustment comes after recent hikes, and experts suggest more taxes may be added in the coming days, which will further affect fuel prices across the country.
Insiders reveal that the upcoming price revision could see petrol rise by Rs4 per liter, pushing it to Rs253 per liter, while diesel is likely to jump by Rs5 per liter, taking it to Rs261 per liter. These anticipated increases follow the international rise, with petrol climbing by $1.7 per barrel and diesel by $4.4 per barrel in the global market.
Despite the Pakistani rupee remaining steady against the U.S. dollar, the pressure on consumers is expected to increase, especially for those involved in transportation and logistics. This segment of the economy is likely to feel the pinch as fuel costs are a major part of operational expenses.
The recent marginal hikes in petrol by Rs3.85 per liter and diesel show a steady upward trend in fuel costs, which continues to impact the general public. With global oil prices still on the rise, the possibility of further increases could become a regular burden, adding to the concerns of Pakistanis already dealing with a high cost of living.
