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Finance Ministry notifies new fuel prices nationwide, effective from November 1.
Aftab Maken
ISLAMABAD: The Finance Ministry has issued a notification increasing petroleum product prices across Pakistan while reducing the rate of liquefied petroleum gas (LPG). The new POL prices take effect from November 1, 2025. Petrol has been raised by Rs 2.43 per litre, bringing the new price to Rs 265.45.
High-speed diesel has become costlier by Rs 3.02 per litre, now priced at Rs 278.44, while kerosene has been increased by Rs 3.34 to Rs 185.05 per litre, according to the Oil and Gas Regulatory Authority (OGRA). Meanwhile, the price of LPG has been reduced by Rs 5.88 per kilogram, setting the new rate at Rs 201.60.
In a major development, Pakistan has awarded successful offshore oil and gas exploration bids for the first time in two decades, with expected investment of around $1 billion. Energy Ministry officials said the move could help reduce reliance on imported fuels and improve the country’s energy security in the long term.
Global crude prices have remained volatile in recent months, putting pressure on regional economies. Brent crude hovered near $88 per barrel at the end of October. The UAE Fuel Price Committee, by contrast, announced cuts in petrol and diesel prices for November 2025, reflecting easing international market trends.
In Pakistan, petroleum product prices are reviewed fortnightly based on OGRA’s recommendations, taking into account import costs, exchange rate movements, and global oil fluctuations. Energy analysts warned that the latest hike in petrol and diesel prices could add to inflationary pressure, though the reduction in LPG offers limited relief for households.
Economists noted that if the projected $1 billion in offshore energy investment materializes, it could ease Pakistan’s long-term import burden and strengthen fiscal stability — a positive signal for the Finance Ministry amid ongoing balance-of-payments challenges.
