Islamabad – The Pakistani government is preparing to increase petrol prices from March 1, 2025, as part of an effort to increase revenue, although diesel and kerosene prices could experience a minor decrease.
The authorities will announce the new rates on February 28 when they meet for their standard fortnightly petroleum price review. The Oil and Gas Regulatory Authority (OGRA) is said to have recommended rates according to international market forces and revenue requirements.
Petrol is also anticipated to increase by Rs4 per litre, taking its price from the current level of Rs256.13 to Rs260.13. High-speed diesel (HSD) and kerosene oil, on the other hand, may decrease by Re1 per litre, bringing HSD down from Rs263.95 to Rs262.95 and kerosene to a new rate.
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The action shows the government trying to balance growing international oil prices and local economic constraints. As much as the petrol increase would pinch motorists and transport industries, the slight alleviation for diesel, a major fuel for agriculture and industry, could provide limited relief.
The prices will be effective on March 1, 2025, subject to final approval. Analysts caution that ongoing volatility in global markets and tax measures can trigger additional revisions soon.