Pakistan petrol price hike: Rising fuel prices are making freight transportation, public transportation, and everyday items increasingly expensive. This is causing distress to the general public.

Petrol-Diesel Price Hike: Petrol-diesel rates increased in Pakistan

Petrol-Diesel Price: Amidst rising inflation, the people of Pakistan have suffered another major setback. Effective today, August 22nd, petrol has become costlier by Rs 3.81 per liter and high-speed diesel (HSD) by Rs 3.59 per liter. These new prices, issued by the Oil and Gas Regulatory Authority (OGRA), will remain in effect until August 24, 2026.

New price of petrol and diesel in Pakistan

Petrol prices have been increased by ₹3.81 per liter, bringing its new price to ₹341.59. High-speed diesel prices have been increased by ₹3.59 per liter, reaching ₹368.29 per liter. The government has increased prices to account for fluctuations in international crude oil prices and meet domestic targets. Fuel rates were last raised in Pakistan on August 21st, when petrol became costlier by ₹27 and diesel by ₹1.64.

The government levies heavy taxes

According to information from the Petroleum Division, the Pakistani government is charging the public ₹114 per liter on petrol and ₹100 per liter on diesel as taxes and levies. Rising fuel prices in the country are increasing logistics costs, public transport fares have risen, and transportation costs are increasing, making everyday items more expensive. This has made life difficult for the common people.

In response to rising tensions in the Middle East and the sharp fluctuations in international crude oil prices, the Pakistani government has ended the 15-day review. Petroleum Minister Ali Pervez Malik announced that fuel prices in Pakistan will now be set on a daily basis.