ISLAMABAD (Kashmir English): Consumers across Pakistan should brace for another hike in petrol prices, with a possible increase of Rs11 per litre expected to take effect from July 1, 2025. The price of high-speed diesel (HSD) may also rise by up to Rs15 per litre, driven by a global surge in crude oil prices and the depreciation of the Pakistani rupee.
The Petroleum Division has confirmed the anticipated price hikes. The Oil and Gas Regulatory Authority (OGRA) is expected to send a summary to the Ministry of Petroleum today, with an official announcement of the revised petrol prices expected later this evening.
The Finance Minister, in consultation with the Prime Minister, will finalise and approve the new pricing structure.
These expected hikes follow a recent increase in petrol prices that took effect on June 16, 2025. The price of petrol was raised by Rs4.80 per litre. Similarly, the price of high-speed diesel (HSD) increased by Rs7.95 per litre
On the other hand, OGRA has officially issued a notification for a significant increase in gas prices for domestic and other consumer categories, with the new rates coming into effect from July 1, 2025.
The move brings further financial pressure on inflation-hit citizens, as domestic gas tariffs have been revised upward by up to 50% in certain categories.
Meanwhile, in the international market, oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
According to the official notification, domestic gas prices have been revised substantially. For household consumers, the new rates will range from Rs200 to Rs4,200 per MMBTU.
Experts warn that the rise in petrol prices may trigger a new wave of inflation, affecting essential goods and services that rely heavily on fuel. Public transport, delivery services, and agriculture may be particularly affected by this latest development.
The government, however, maintains that the adjustments to petrol prices are necessary to keep up with international market trends and to avoid further fiscal imbalance.
