Good news for consumers! The Government of Pakistan is likely to announce a reduction in petrol prices in the upcoming fortnightly petroleum review, while other fuels such as diesel and kerosene may see a price hike, according to official sources.
If approved, the price of petrol (MS) could drop by up to Rs. 2 per litre, providing slight relief to motorists amid ongoing inflation. However, the adjustment won’t be uniform across all fuels — diesel and light diesel oil prices are expected to rise due to fluctuations in the global oil market.
Petrol Price Expected to Decrease, Diesel to Rise
Sources from the Ministry of Energy reveal that the Oil and Gas Regulatory Authority (OGRA) will forward its price summary to the federal government on November 15, after evaluating international market data and exchange rate trends.
Here’s what’s expected:
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Petrol price: May decrease by Rs. 2 per litre.
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High-Speed Diesel (HSD): Likely to increase by Rs. 9.60 per litre, setting a potential new price of Rs. 288.40 per litre.
If approved, the new rates will take effect from November 16, 2025, under the government’s fortnightly fuel pricing mechanism.
Background – Previous Fuel Price Changes
During the last revision, the government raised fuel prices modestly:
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Petrol: Up by Rs. 2.43, reaching Rs. 265.43 per litre.
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Diesel: Increased by Rs. 3.02, priced at Rs. 278.44 per litre.
Now, with global oil prices showing mixed signals, the government may partially reverse the petrol hike to balance local inflation and energy costs.
Why Diesel Prices Are Rising
The surge in diesel prices is mainly attributed to:
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Higher import premiums due to supply constraints in the international market.
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Rupee depreciation, increasing import costs.
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Seasonal demand for diesel, particularly in the agriculture and transport sectors.
In contrast, petrol prices are easing globally, giving Pakistan some room to reduce domestic rates slightly.
What Happens Next?
Once OGRA’s summary is finalized, the Ministry of Finance and Prime Minister’s Office will approve the revised rates. The new prices will be implemented midnight between November 15 and 16, 2025.
If the proposed changes are approved, consumers may see a petrol price cut for the first time in weeks, though overall transport and logistics costs could still rise due to expensive diesel.
Final Thoughts
While the expected petrol price reduction offers minor relief, the simultaneous increase in diesel prices may offset benefits for transporters and farmers. Analysts suggest that the government could continue adjusting prices fortnightly, depending on global crude trends and exchange rate movements.
For now, consumers are keeping an eye on November 15, when the official fuel price notification will confirm the government’s final decision.