ISLAMABAD: Petrol and high speed diesel prices are expected to register a notable increase in the upcoming fortnightly review, reflecting volatility in global oil markets. Industry estimates suggest petrol may go up by around Rs4.58 per litre, while high speed diesel is likely to rise by nearly Rs4.80 per litre, pending final approval from the federal government.

Officials said the Oil and Gas Regulatory Authority has completed its pricing assessment and forwarded recommendations to the Petroleum Division. The revised petroleum rates, once approved, will apply for the next pricing cycle. The projected hike is driven by rising international crude benchmarks and currency fluctuations, factors that continue to shape Pakistan domestic fuel prices and broader inflationary pressures.