ISLAMABAD — Pakistan’s government is preparing to increase petrol prices by approximately Rs11 per litre, effective from July 1, according to recommendations to be reviewed by the Finance Minister and Prime Minister this evening.
What to Expect:
- Petrol could reach around Rs269–272 per litre, while diesel is expected to climb by Rs15, reaching approximately Rs280–281 per litre for the first half of July.
- This rise is driven by recent fluctuations in global oil costs—fuelled by Middle East tensions—and the weaker Pakistani rupee.
Additional Cost Component:
- A carbon levy of Rs2.5 per litre, introduced in the federal budget, will also be applied to both petrol and diesel.
Economic Impact:
- The increase may add further inflationary pressure, especially affecting transport expenses and household budgets.
- However, analysts note the government could cushion consumers slightly by adjusting petroleum levies to soften the blow.
This story has been reported by PakTribune. All rights reserved.
