ISLAMABAD: Pakistan has once again raised fuel prices, pushing petrol and diesel rates to record highs, as the government passes on the impact of rising global oil markets while attempting to shield vulnerable segments through targeted subsidies.
The latest revision saw petrol increase by Rs6.51 per litre and high speed diesel by Rs19.39, taking ex depot prices to Rs399.86 and Rs399.58 respectively. With additional margins and charges, retail prices have effectively crossed the Rs400 mark, intensifying inflationary pressure across the economy.
Officials said the increase was aligned with commitments made to the International Monetary Fund, with petroleum levy collections already exceeding targets ahead of schedule. Authorities remain focused on maintaining fiscal discipline, even as global energy volatility continues to strain domestic pricing mechanisms.
Despite the hike, the government has extended fuel subsidies for motorcyclists and transport operators for another month. Under the relief plan, two wheeler users will continue to receive subsidised fuel, while public and goods transporters are being supported through fixed monthly payments to prevent fare increases and protect essential supply chains.
High speed diesel remains a key driver of inflation due to its widespread use in freight and agriculture. Analysts warn that rising transport costs could trigger a ripple effect, pushing up prices of food and essential commodities in the coming weeks.
The broader economic outlook remains uncertain as ongoing regional tensions threaten energy supply routes and global oil stability. With fuel costs climbing and inflation risks mounting, policymakers face a delicate balancing act between fiscal targets and public relief in an increasingly volatile environment.
