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Aftab Maken
The government is expected to increase petroleum prices by up to Rs 2.34 per litre for the next fortnight, effective from November 1, 2025, in line with fluctuations in global oil markets.
According to official estimates, the price of petrol is projected to rise by Rs 1.48 per litre (0.6%), moving from the current Rs 263.02 to Rs 264.50 per litre. Similarly, the price of high-speed diesel (HSD) may go up by Rs 1.38 per litre, reaching Rs 276.80 per litre from Rs 275.42.
The prices of other petroleum products are also expected to increase. Kerosene oil could see a jump of Rs 2.34 per litre — from Rs 181.71 to Rs 184.05 — while light diesel oil (LDO) may edge up by 49 paisa per litre, from Rs 162.76 to Rs 163.25.
The Oil and Gas Regulatory Authority (OGRA) is preparing a summary outlining the proposed revisions, which will be submitted to the Ministry of Finance by October 31. Following the approval of Prime Minister Shehbaz Sharif, the new rates will take effect from November 1 for the fortnight ending November 15.
Global crude oil prices have shown mixed trends in recent days, driven by concerns over supply disruptions and demand uncertainty. Analysts say Brent crude has hovered around $84 per barrel, reflecting volatility amid geopolitical tensions and fluctuating output expectations from OPEC+.
If the expected increase is approved, this will mark the first price adjustment since mid-October, when the government had reduced petrol prices by Rs 8 per litre to provide temporary relief to consumers.
Energy experts note that despite the modest expected hike, domestic fuel prices remain under pressure due to currency depreciation and rising import premiums. The final decision on new rates will depend on exchange rate movements and import cost data available to the finance ministry later this week.
