Petrol prices in Pakistan are likely to increase from March 1, 2025, adding more financial burden on consumers just before Ramadan. According to reports, petrol prices may go up by around Rs. 4 to Rs. 4.50 per liter, while diesel prices might see a slight decrease due to international market trends and exchange rate fluctuations.
Petrol Price Hike Due to Global Oil Market
The expected rise in petrol prices is mainly due to minor increases in global crude oil prices and the depreciation of the Pakistani Rupee against the US dollar. However, despite this increase, Brent crude oil prices have remained relatively stable over the past ten days.
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Diesel and Kerosene Prices May Drop Slightly
On the other hand, high-speed diesel (HSD) and kerosene prices may see a slight reduction. The drop is estimated to be less than Rs. 1 per liter. While this may provide minor relief to consumers, it will not significantly impact transportation and household expenses.
Current Petrol and Diesel Prices in Pakistan
As of now, the ex-depot price of petrol is Rs. 256.13 per liter, while HSD stands at Rs. 263.95 per liter. Kerosene, which is officially priced at Rs. 171.65 per liter, is being sold in the market at much higher rates, ranging between Rs. 300 and Rs. 350 per liter. This price gap highlights the ongoing issues with market regulation and supply chain challenges.
Final Decision on Price Changes
The final petrol price adjustment will be determined on February 28, based on international oil price movements and exchange rate calculations. If the government proceeds with this price increase, it will impact millions of Pakistanis, especially as they prepare for Ramadan, a month when household expenses already rise significantly.
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