Sources reveal that preparations have been made to increase petroleum prices for the next two weeks, following a hike in international oil markets. According to officials, petrol could see an increase of Rs1.75 per litre.

High-speed diesel is expected to rise even more, with a likely jump of Rs5 per litre. Kerosene oil may see an increase of Rs3 per litre, while light diesel oil is predicted to rise by Rs3.70 per litre.

The Oil and Gas Regulatory Authority (OGRA) will send its summary of proposed changes to the Finance Ministry on September 15. After consultation with the Prime Minister, the final decision on new prices will be announced.

It is worth remembering that on September 1, the government announced a temporary relief by lowering fuel prices for 15 days. Petrol was kept unchanged at Rs264.61 per litre, while high-speed diesel was reduced by Rs3 to Rs269.99.

At the same time, kerosene oil dropped by Rs1.46, settling at Rs176.81 per litre, and light diesel oil saw a cut of Rs2.40, bringing it down to Rs159.76 per litre. That short-lived relief may now be ending, with another hike expected.

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The anticipated increase in petroleum product prices shows the direct effect of international market trends on Pakistan’s fragile economy. While consumers briefly enjoyed relief earlier this month, the upcoming hike could raise inflationary pressures on households and businesses alike.

Diesel’s sharp Rs5 rise may impact transportation and freight costs, which in turn will push prices of everyday essentials higher. The government’s decision after September 15 will reveal whether international oil pressures or domestic political concerns weigh heavier.

For now, the public waits anxiously to see if the Prime Minister approves another round of price shocks — or whether some relief is possible in the face of global market turbulence.