New Hike in Petrol and Diesel Prices Deepens Inflation
3 hours ago
At a glance
- Pakistan is experiencing a new hike in petrol and diesel prices, which is contributing to deepening inflation across the country.
- The increase in fuel costs has led to public concern.
- Regarding the rising petrol prices, Miftah Ismail has revealed a reason for the situation.
Story so far: Pakistan is experiencing a new hike in petrol and diesel prices, which is contributing to deepening inflation across the country. The increase in fuel costs has led to public concern.
Latest development: The Petroleum Minister has responded to public criticism regarding the petrol price hike. The rising fuel costs are also reported to be making hybrid cars more expensive. Discussions are also underway concerning the role of…
Pakistan is experiencing a new hike in petrol and diesel prices, which is contributing to deepening inflation across the country. The increase in fuel costs has led to public concern.
Regarding the rising petrol prices, Miftah Ismail has revealed a reason for the situation.
Latest Updates
The Petroleum Minister has responded to public criticism regarding the petrol price hike. The rising fuel costs are also reported to be making hybrid cars more expensive. Discussions are also underway concerning the role of OGRA and the LPG mafia in relation to petrol and gas prices.
A recent increase in petrol and diesel prices has led to a deepening of inflation. Discussions are underway concerning petrol prices in relation to the international market, with statements made regarding what petrol should cost based on global oil prices.
The recent increase in fuel prices in Pakistan is occurring amidst a rise in global oil prices. Economist Farrukh Saleem commented on the situation, suggesting that if prices are expected to fall, one should “Wait 21 Days.”
Sources: HUM News
Petrol prices have increased again in Pakistan, with the government raising petroleum product prices. This latest hike has led to public anger, with one citizen stating they would continue to fill their bike tank even if petrol reached Rs. 1000 per liter.
Pakistan News will update this story as more confirmed details become available.
Sources: Dawn News Samaa TV BOL News Capital TV
Federal Petroleum Minister Ali Pervaiz Malik has defended the recent petrol price hike, attributing it to a sharp rise in global refined petrol prices driven by Middle East tensions, rather than crude oil prices. He stated that Pakistan, which imports approximately 70% of its petrol, must adjust local fuel prices in line with international market trends. The minister clarified that Pakistan’s petrol prices are calculated using the average international price of refined petrol, which has climbed from around US$76 per barrel on February 27, 2026, to over US$88 per barrel this week. Rising freight charges, insurance premiums, and other import-related costs have further contributed to the pressure on domestic prices. Addressing concerns about fuel taxes, Malik noted that consumers are currently paying Rs. 85 per litre in combined Petroleum Levy and Carbon Support Levy. He highlighted that before the recent regional conflict, these combined levies stood at Rs. 86.90 per litre, indicating the current rate is nearly Rs. 2 lower. The minister assured the public that any decline in international refined petrol prices would be reflected in lower prices at the pump.
Pakistan News will update this story as more confirmed details become available.
Sources: Pakistan Observer Dawn News Samaa TV
The recent increase in petrol prices is attributed to a hike in the petrol levy. In response to the rising fuel costs, the MQM has demanded an immediate retraction of the petrol price hike.
Responses