According to sources, the Oil and Gas Regulatory Authority (OGRA) has prepared a summary proposing changes in fuel prices, which will be sent to the Ministry of Finance on October 31. After final approval, the ministry will officially announce the new prices effective from November 1.

Initial estimates suggest that the price of petrol may rise by Rs2.35 per litre, while high-speed diesel could see an increase of Rs2.50 per litre. If approved, consumers will have to buy petrol and diesel at the new rates starting next month.

Economic experts say that a slight rise in global crude oil prices and higher import costs have added pressure on local fuel prices. Additionally, the depreciation of the rupee against the dollar and domestic taxes have contributed to the expected increase.

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Sources further noted that if global oil prices remain stable, the next 15-day review may bring only a limited increase. However, if the dollar becomes stronger or international oil prices climb further, another hike in the following review is expected.

The coming fuel price adjustment seems minor, yet it signals persistent economic pressure. Every small rise adds to transport and living costs for ordinary citizens. The next review will depend heavily on the dollar rate and global oil movement. Stability in these two factors could offer some short-term relief, but uncertainty remains high.