Petrol price in Pakistan may see another hike from Feb 01, 2025
In another expected jolt for inflation-hit masses, the Prime Minister Shehbaz Sharif-led government likely to jack up petrol and diesel prices from February 01, 2025.
The surge in crude oil prices has sparked concerns about further hikes in the prices of petroleum products within the country.
According to sources, petrol prices may see an upward revision of Rs3 per litre, while high-speed diesel (HSD) is expected to witness a steeper hike of Rs6 per litre in the upcoming fortnightly review.
The Oil and Gas Regulatory Authority (Ogra) will submit a summary to the relevant ministry, recommending adjustments based on international oil price trends and exchange rate fluctuations.
A final decision will be made after consultations between Finance Minister Muhammad Aurangzeb and Prime Minister Shehbaz Sharif, with an official announcement expected on January 31.
