Latest news with #Rs6.60
Business Recorder
15-07-2025
- Business
- Business Recorder
Fuel prices likely to increase
ISLAMABAD: Petrol and diesel prices in Pakistan are expected to increase by up to Rs6.60 (2.5 percent) per litre for the next 15 days starting from July 16, 2025, according to an estimate of the petroleum industry. The estimated increase includes Rs6.60 per litre increase in petrol and Rs5.27 per litre (1.9 percent) rise in High-Speed Diesel (HSD). However, other petroleum products - kerosene oil and Light Diesel Oil (LDO) - may witness reductions of Rs3.74 (2 percent) and Rs2.23 per litre (1.3 percent), respectively. The estimates are based at Rs78.02 per litre Petroleum Levy (PL) and CSL on petrol and Rs77.01 per litre PL/CSL on HSD. Inland Freight Equalization Margin (IFEM) is assumed at Rs8.89 per litre on petrol and Rs6.04 per litre on HSD. Exchange rate adjustment on petrol may be Rs3 per litre on petrol and Rs2 per litre on HSD. Govt hikes petrol price by Rs8.36, diesel by Rs10.39 per litre According to the estimates, the premium on petrol is $9.68 per bbl and $3.25 per bbl on HSD. The Oil and Gas Regulatory Authority (OGRA) will finalise its recommendations on 15 July based on the latest global market trends and government's budgetary target of PL and carbon tax and Finance Division will announce new petroleum prices. In case the estimates of oil industry implements, the price of petrol would go up from Rs266.79 per litre to Rs273.39 per litre and HSD's price would rise from Rs272.98 to Rs278.25 per litre. On July 1, the federal government has increased petrol and HSD prices significantly attributing the hike to global market volatility amid the Iran-Israel war. Petrol increased by Rs8.36 to Rs266.79 per litre, and HSD by Rs10.39 to Rs272.98, based on OGRA's recommendation. Pakistan imports refined petrol around 85 percent of its petroleum consumption and 15 percent crude oil. Copyright Business Recorder, 2025
Express Tribune
14-07-2025
- Business
- Express Tribune
Petrol prices may rise by Rs6.60 from July 16
Petrol and diesel prices are expected to rise by up to Rs6.60 per litre (2.5%) for the next fortnight starting July 16, 2025, according to estimates by the petroleum industry. The projected hike includes a Rs6.60 per litre increase in petrol prices and a Rs5.27 per litre (1.9%) rise in the rate of high-speed diesel (HSD). However, prices of other petroleum products, including kerosene oil and light diesel oil (LDO), are expected to decline by Rs3.74 (2%) and Rs2.23 (1.3%) per litre, respectively. These estimates are based on a petroleum levy (PL) and carbon sustainability levy (CSL) of Rs78.02 per litre on petrol and Rs77.01 per litre on HSD.
Express Tribune
14-07-2025
- Business
- Express Tribune
Pakistan fuel prices update: Expected to rise for next 15 days
A worker holds a fuel nozzle to fills fuel in a car at petrol station in Karachi on September 16, 2023. Photo: REUTERS Petrol and diesel prices in Pakistan are expected to increase by up to Rs6.60 per litre for the next 15 days, following a continued upward trend in global crude oil prices, according to industry sources. At the time of reporting, the proposed hike includes a Rs6.60 per litre increase in petrol and a Rs5.27 per litre rise in high-speed diesel (HSD). Conversely, the prices of kerosene and light diesel may see reductions of Rs3.74 and Rs2.23 per litre, respectively. The Oil and Gas Regulatory Authority (OGRA) has completed its work based on the latest global market trends, and a final summary will be submitted to the government by tomorrow. The oil industry has already shared its calculations with the regulator. Sources confirmed that the final decision on price adjustments will be made following Prime Minister Shehbaz Sharif's approval of OGRA's summary. The proposed changes would come into effect for the next fortnight as part of the government's regular price review mechanism for petroleum products. Read: Fuel price hike burns a hole in public pockets On July 1, the federal government increased petrol and diesel prices significantly for the first fortnight of the month, attributing the hike to global market volatility amid the 12-day Iran-Israel conflict. Petrol rose by Rs8.36 to Rs266.79 per litre, and high-speed diesel by Rs10.39 to Rs272.98, based on OGRA's recommendation. Pakistan, which imports around 85% of its petroleum needs, was directly impacted by the Middle East crisis.
