Petrol price hike fears are growing in Pakistan, with reports suggesting a possible increase of Rs100 per litre in the coming days.
According to recent reports, the federal government is preparing to pass on the rising burden of global oil prices directly to the public. This expected move could significantly impact daily expenses, especially for middle- and lower-income households already struggling with inflation.
Sources reveal that there is currently a major gap between import costs and existing fuel prices in Pakistan. Petrol is reportedly being sold at around Rs100 per litre less than its actual cost, while diesel prices are said to have a gap of more than Rs200 per litre. This difference has created financial pressure on the government, forcing it to consider a sharp revision.
Officials believe that maintaining current fuel prices is becoming increasingly difficult due to continuous fluctuations in the international oil market. If the proposed increase is approved, it would be one of the biggest hikes in the country’s history.
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The new petroleum prices are expected to be announced within the next few days. Citizens and businesses alike are anxiously waiting for the final decision, as any major increase in fuel prices will likely trigger a rise in transportation costs and the prices of essential goods across the country.
Economic experts warn that such a steep increase could further fuel inflation and put additional strain on the already burdened public.