https://arab.news/55ku9
- Pakistan adjusts petroleum prices fortnightly to pass on the impact of any change to consumers
- Fuel price hikes can push consumer prices higher across sectors, causing popular resentment
ISLAMABAD: The Pakistan government on Wednesday raised fuel prices for the remainder of the month, increasing the per-liter rates of petrol and diesel by Rs3.47 and Rs2.61 to align with recent trends in global energy markets.
Fuel prices in Pakistan are reviewed and adjusted fortnightly, based on fluctuations in international energy markets and the rupee-dollar exchange rate.
The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping to sustain the country’s fuel supply chain.
“OGRA [Oil and Gas Regulatory Authority] has worked out the consumer prices of petroleum products in view of fluctuations in [the] international market in the last fortnight,” it informed in a social media post while circulating the notification with revised rates.
It added that the new prices— 260.95 rupees per liter for high-speed diesel and 256.13 rupees per liter for petrol— would be effective starting Jan 16.
Fuel price increases typically push consumer prices higher across sectors, causing economic strain and fueling popular resentment.