The government of Pakistan has issued an official notification raising petrol prices by Re1 per litre, bringing the new price to Rs253.63.

No Change in Diesel Price

The notification clarifies that diesel prices remain unchanged at Rs254.64 per litre, providing some respite for key sectors such as freight and heavy transport.

Implementation from Today

The newly announced prices have come into force immediately. As a result, consumers are bracing for minor adjustments to daily commuting expenses and transport service charges.

Historical Context of Recent Fuel Pricing

This latest change follows a period of relative stability in petrol pricing. On May 16, authorities had announced no increase in petrol rates, maintaining the previous figure of Rs252.63 per litre, and cutting diesel by Rs2 per litre.

Just two weeks prior, on April 30, both petrol and diesel rates were reduced by Rs2 per litre, part of broader efforts to provide temporary consumer relief.

Prime Minister Shehbaz Sharif had earlier signaled that while direct reductions in fuel prices might not continue, the government would reinvest benefits from global oil price declines into major development initiatives aimed at improving livelihoods and national infrastructure.

Broader Economic Implications

This minor petrol price increase comes at a time when global oil prices remain unpredictable. For Pakistani consumers and businesses, even small adjustments in domestic fuel rates can have knock-on effects in terms of transportation costs and inflation.

The government’s balancing act highlights the delicate interplay between external market pressures and internal fiscal management, with fuel price revisions serving as a key tool for policy adjustments.