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ISLAMABAD: The government is poised to revise petroleum product prices effective November 16, with a sharp increase in diesel and marginal relief for petrol consumers. According to industry sources, the ex-depot sale price of high-speed diesel (HSD) is set to climb by Rs 9.60 per litre to approximately Rs 288.04, up from Rs 278.44.
Meanwhile, petrol is expected to drop by around Rs 1.96 to about Rs 263.49 per litre. Also under review are kerosene oil and light diesel oil (LDO) prices, with projected rises of Rs 8.82 and Rs 7.15 per litre respectively.
The proposed adjustment comes under the fortnightly regulatory mechanism managed by the Oil & Gas Regulatory Authority (OGRA), which will submit its summary to the federal government on Saturday. Final approval will follow the prime minister’s sign-off and issuance of a notification by the Ministry of Finance.
This change reflects global energy price dynamics and exchange-rate pressures, both of which shape domestic fuel pricing through levies, import costs and currency valuation. For context, petrol is used predominantly for private vehicles while HSD fuels transport, agriculture and industry — meaning the hike is likely to increase logistics and commodity-cost pressures across sectors.
Consumers may feel a mixed relief-and-burden outcome: a small drop in petrol may help private motorists somewhat, but the steep diesel rise could feed into higher freight costs and inflationary pressures on goods. The move comes amid Pakistan’s broader economic challenges, including a depreciating rupee, inflationary risks and energy-import stress. Market watchers will now monitor whether the observed cuts and hikes will be approved in full or modified before the November 16 effective date.
The fuel-price decision for November 16 therefore places the Oil & Gas Regulatory Authority’s announced changes and the government’s policy stance in focus within Pakistan’s energy sector.
