Pakistan has revised fuel prices for the latest fortnightly review, adjusting rates in response to movements in global oil markets and recommendations issued by the Oil and Gas Regulatory Authority. The Ministry of Finance released an official notification confirming the changes, which take effect immediately as part of the government’s pricing mechanism tied to international energy dynamics.
Petrol now stands at Rs265.45 per litre following an increase of Rs2.43. This fuel category is widely consumed by motorcyclists, private car users, and rickshaw operators, making any adjustment in its price highly visible across daily transportation needs. The rise will likely affect commuting expenses for urban and semi-urban populations, particularly those in middle-income and working-class brackets who rely most heavily on petrol-powered vehicles for personal and professional travel.
High-speed diesel, a key industrial and commercial fuel, has been raised by Rs3.02 to Rs278.44 per litre. Diesel’s significance extends beyond transport as it fuels agricultural operations including tractors, harvesters, and tube wells, and is used in freight movement, trucks, and rail networks. Due to its deep link with food supply chains and logistics, changes to diesel rates can influence farm-to-market transportation costs and broader price levels in commodities.
While petrol and diesel prices moved upward, liquefied petroleum gas saw a decline. OGRA announced a reduction of Rs5.88 per kilogram, lowering LPG retail rates by 2.83 percent to Rs201.60 per kg from Rs207.49. The price of a standard 11.8kg domestic cylinder has been revised to Rs2,378.89, a decrease of Rs69.44 for November. LPG is widely utilized in households, especially in rural and remote regions where natural gas access is limited, and the reduction is expected to provide relief for users who rely on LPG for cooking and heating needs.
Fuel pricing continues to be influenced by a blend of domestic tax policy and external energy market fluctuations. Despite zero general sales tax on petroleum products, the government currently collects approximately Rs99 per litre on both petrol and diesel through petroleum development levy and a climate support levy. These levies serve as major fiscal tools for revenue generation and deficit management. Additionally, fuel imports are subject to customs duties ranging between Rs17 and Rs18 per litre. Oil marketing companies and dealers earn margins totaling roughly Rs17 per litre, reflecting operational and distribution-chain costs across the country’s petroleum retail network.
The latest price adjustments come at a time when domestic inflationary pressures remain closely tied to international commodity cycles and exchange rate dynamics. Fuel pricing remains a key policy lever in managing macroeconomic stability and budgetary requirements, while global crude trends continue to dictate domestic rate adjustments. With energy affordability influencing transportation, agriculture, and industrial activity, price revisions will be monitored closely by consumers, businesses, and policymakers.
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