Petrol prices in Pakistan are expected to increase from November 1, as the Oil and Gas Regulatory Authority (OGRA) has prepared a summary proposing an upward revision in petroleum product rates for the next 15 days.
According to official sources, the summary will be sent to the Ministry of Finance on October 31, while the final decision will be made after Prime Minister Shehbaz Sharif’s approval. The new prices will be effective from November 1 to 15, 2025.
Currently, petrol is being sold at Rs. 263.02 per litre and high-speed diesel at Rs. 275.42 per litre. Reports suggest that petrol prices may go up by Rs. 2.35 per litre, taking the new rate to Rs. 265.37, while high-speed diesel may rise by Rs. 2.50, reaching Rs. 277.92 per litre.
The expected increase comes amid uncertainty in the global oil market, driven by fluctuations in crude prices. On Wednesday, Brent crude fell by 7 cents to $64.33 per barrel, while West Texas Intermediate (WTI) dropped by the same margin to $60.08 per barrel.
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Analysts say OPEC+ production concerns and sanctions on Russia have contributed to market instability, impacting fuel prices worldwide.
At present, light-speed diesel is priced at Rs. 159.76 and kerosene oil at Rs. 176.81 per litre in Pakistan.
