Pakistan is expected to see another change in fuel prices from February 1, with diesel and other petroleum products becoming more expensive, while petrol may offer slight relief.
Pakistan may face a fresh increase in petroleum prices as the Oil and Gas Regulatory Authority has finalized its price review for the next fortnight. A summary has been prepared and will be sent to the Petroleum Division for approval.
Sources say high-speed diesel is likely to see a sharp jump, which could directly affect transport and daily goods prices. Light diesel oil and kerosene oil are also expected to become costlier. Petrol, however, may remain unchanged or become slightly cheaper.
The proposed price changes are linked to global oil prices and recent movements in the exchange rate. The final decision will be made after consultation with Prime Minister Shehbaz Sharif. An official notification is expected on January 31, and the new prices will take effect from February 1.
Rising fuel prices continue to put pressure on inflation, especially as diesel plays a key role in transportation and agriculture.
Expected changes in petroleum prices
| Fuel type | Expected change per litre |
|---|---|
| High-speed diesel | Increase of Rs. 9.47 |
| Light diesel oil | Increase of Rs. 6.95 |
| Kerosene oil | Increase of Rs. 3.69 |
| Petrol | Decrease of Rs. 0.36 or no change |
Why diesel prices matter most
Diesel is widely used in trucks, buses, trains, and farm machinery. Any increase in its price usually leads to higher transportation costs. This often results in more expensive food items and everyday goods, adding to the burden on households.
Key points to know
| Topic | Details |
|---|---|
| Price review prepared by | Oil and Gas Regulatory Authority |
| Final approval | Prime Minister and Petroleum Division |
| Notification date | January 31 |
| New prices effective from | February 1 |
FAQs
Will petrol prices increase on February 1?
Petrol prices are expected to remain the same or decrease slightly by around Rs. 0.36 per litre.
Which fuel will see the highest increase?
High-speed diesel is expected to see the highest increase of about Rs. 9.47 per litre.
Why do fuel prices change so often in Pakistan?
Fuel prices are adjusted based on international oil prices and the value of the Pakistani rupee against the dollar.
When will the final prices be announced?
The official prices are expected to be announced on January 31 through a government notification.
Conclusion
Another fuel price adjustment appears likely from February 1, with diesel and other petroleum products becoming more expensive. While petrol users may get minor relief, higher diesel prices could push up transport and food costs. As inflation remains a concern, many consumers will be watching closely for the government’s final decision in the coming days.
Rana Shahriyar is a dedicated content writer and contributor at 8171 Rashan Program. With a strong interest in social welfare programs and government initiatives, his work focuses on delivering clear, reliable, and easy to understand information for the public.