Petrol Prices in Pakistan May Rise from September 1

News Desk

Islamabad: Pakistan may see another hike in petrol prices starting September 1, following a recent surge in global crude oil rates.

The Oil and Gas Regulatory Authority (OGRA) is scheduled to submit its next petroleum price review to the government on August 31.

Over the past 13 days, international oil prices have climbed steadily. British Brent crude rose from $65.85 to $67.47 per barrel, an increase of $1.60, while American crude increased by $1.64, reaching $63.62 per barrel from $61.98.

Analysts say this upward trend in the global market is likely to push local fuel prices higher.

The current retail rates in Pakistan, revised by the Shehbaz Sharif government on August 16, stand at Rs264.61 per litre for super petrol and Rs272.99 per litre for diesel. The last increase was attributed to rising import costs and fluctuations in the national currency.

With OGRA’s upcoming price determination, consumers are bracing for another possible adjustment in fuel costs, which could further impact transportation and commodity prices across the country.