Islamabad, July 23, 2025: Consumers in Pakistan may soon face another huge blow at the pump as officials weigh increasing petrol prices by nearly Rs11 a litre in coming weeks.
The potential increase in petrol prices comes amid relentless fiscal pressures and the government’s need to boost revenues.
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Fuel costs have already climbed sharply recently, with the latest adjustment pushing petrol prices beyond Rs270 per litre. Despite a global easing in crude oil rates, multiple factors are fueling local price rises – a weakening currency, added import fees tied to geopolitical risks, and levies aimed at shoring up a struggling energy sector.
Regulatory bodies have forwarded recommendations to policy makers, who are reportedly evaluating the prospectus of yet another hike as part of efforts to meet fiscal targets set by international lenders.
The ripple effects of such increases could further amplify living expenses, especially hitting moderate-income households hardest.
Alongside direct fuel price raises, plans to impose extra charges on petrol and gas bills are under active consideration; forming part of a broader strategy to tackle the massive energy sector debt burden that continues to balloon unchecked.
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Meanwhile, talks with financial institutions are progressing to restructure debts and negotiate relief on accumulated interest.
With inflationary pressures rekindled by the looming petrol crisis, the consumers are caught between debt and struggling to survive.
