Consumers in Pakistan are bracing for another fuel price hike, with petrol and diesel rates expected to rise significantly from July 16. The adjustment comes amid ongoing volatility in global oil markets and a weakening exchange rate.

According to industry sources, petrol prices are likely to increase by around Rs6.60 per litre, while high-speed diesel (HSD) may go up by approximately Rs5.27 per litre. If approved, the revised rates will remain effective for the next two weeks, starting from Tuesday.

The Oil and Gas Regulatory Authority (OGRA) is expected to submit its pricing proposal to the Ministry of Energy (Petroleum Division) on Monday. The proposal is based on data received from oil marketing companies and reflects changes in international crude oil prices and currency fluctuations.

While OGRA provides a technical assessment of fuel costs, the final decision rests with the Ministry of Finance, which consults Prime Minister Shehbaz Sharif before announcing any changes. Government officials note that while international trends heavily influence fuel pricing, domestic fiscal considerations also play a key role in the final determination.

“As global oil prices shift and the rupee fluctuates, price adjustments are inevitable,” said an official from the energy ministry. “However, the government evaluates its broader economic strategy before deciding whether to fully pass on these costs to the public.”

As of July 1, 2025, petrol is being sold at Rs266.79 per litre, while high-speed diesel stands at Rs272.98. The proposed hike would bring petrol prices above Rs273 per litre and push diesel rates close to Rs278.

This anticipated increase adds further pressure to household budgets already strained by inflation, making fuel affordability a growing concern for many Pakistanis.