Petrol prices in Pakistan may witness another increase as international crude oil rates have been climbing steadily for the past 13 days. The Oil and Gas Regulatory Authority (OGRA) is scheduled to submit its next fuel price review on August 31, and the continuous surge in global markets could directly affect local consumers.
In the international market, Brent crude has jumped by $1.60 per barrel, moving from $65.85 to $67.47. Meanwhile, US crude oil recorded a similar rise of $1.64 per barrel, currently trading at $63.62 against $61.98 earlier this month. This consistent upward movement suggests further pressure on domestic fuel pricing.
Current Petrol and Diesel Rates in Pakistan
The most recent revision in petrol prices in Pakistan came on August 16, when the government increased the rate of super petrol to Rs264.61 per litre and diesel to Rs272.99 per litre. The hike was attributed to higher import costs and fluctuations in the exchange rate, both of which continue to strain the economy.
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As OGRA prepares its new summary for the federal government, any rise in global oil benchmarks is expected to play a decisive role in the upcoming adjustment. With the ongoing surge, citizens are bracing for another possible hike in petrol prices in Pakistan before the end of the month.
