Pakistan is likely to see another jump in fuel prices from February 1, as the Oil and Gas Regulatory Authority has finalized its price calculations and is preparing to send a summary to the Petroleum Division.
According to officials familiar with the matter, the biggest increase is expected in high speed diesel. Its price may go up by around Rs 9.47 per litre. Light diesel oil is also expected to become costlier, with a proposed increase of about Rs 6.95 per litre. Kerosene oil prices may rise by nearly Rs 3.69 per litre.
Petrol, however, may offer limited relief. Sources say its price could drop slightly by Rs 0.36 per litre or remain unchanged.
Officials said the proposed adjustments are linked to movements in global oil prices and changes in the exchange rate over the past two weeks. The final decision, they added, will be taken after consultations with Prime Minister Shehbaz Sharif.
The Petroleum Division is expected to issue an official notification on January 31. Once notified, the revised prices will come into effect from February 1.
Fuel price changes continue to hit household budgets and transport costs. Any increase in diesel prices is closely watched, as it directly affects freight charges and food prices across the country.
