ISLAMABAD – The federal government on Friday announced an increase in petroleum prices for the next 15 days. The decision was made following the recommendation of the Oil and Gas Regulatory Authority (OGRA).
According to a notification issued by the Ministry of Finance, the petrol price has been raised by Rs. 2.43 per litre, bringing the new rate to Rs. 265.45 per litre. Similarly, the price of high-speed diesel has gone up by Rs. 3.02 per litre, setting the new rate at Rs. 278.44 per litre.
The notification further stated that the revised petrol price and diesel rate will take effect from midnight tonight and remain in force from November 1 to November 15. The ministry explained that the adjustment was made in light of changes in global oil prices and currency fluctuations.
Officials said that the increase in the petrol price reflects the government’s effort to balance local fuel rates with international market trends. The price revision aims to prevent losses in the petroleum sector while maintaining supply stability across the country.
In recent weeks, the international oil market has witnessed volatility, leading to frequent changes in domestic fuel pricing. The government continues to review prices every two weeks to ensure fair adjustments.
Consumers are expected to face a slight rise in transport and goods costs as a result of the latest hike. However, the government has assured that it will continue to monitor global prices closely and make timely adjustments to minimize public impact.
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The next review of the petrol price and other petroleum products is scheduled for mid-November, depending on global market movements.
