Pakistan to Hike Petrol and Diesel Prices Again in September

Starting September 16, 2025, the Pakistani government will implement another fuel price increase, marking the third price hike in a month. This surge is a direct result of global oil price fluctuations and a weakening local currency that has made imports more expensive.

Fuel Price Adjustments:

• Petrol: The price will rise by Rs 1.54, reaching Rs 266.15 per litre.

• High-Speed Diesel (HSD): An increase of Rs 4.79, bringing the price to Rs 274.78 per litre.

• Kerosene Oil: The price is expected to increase by Rs 3.06, reaching Rs 179.87 per litre.

• Light Diesel Oil (LDO): A rise of Rs 3.68, pushing the price to Rs 163.44 per litre.

Why Are Prices Rising?

Several factors are driving the rising fuel prices in Pakistan:

1. Global Oil Market Trends: Geopolitical tensions have led to rising global oil prices, which in turn have pushed up the costs of petroleum products.

2. Currency Depreciation: The Pakistani rupee's devaluation against the US dollar has made it more expensive to import fuel.

3. Domestic Levies: The government has adjusted the Petroleum Levy and Climate Support Levy, which are contributing to higher prices for consumers.

Approval Process Pending

The Oil and Gas Regulatory Authority (OGRA) has already submitted the proposed price hikes to the Ministry of Petroleum. The final approval will come from Prime Minister Shehbaz Sharif, and if approved, the new prices are expected to take effect on September 16, 2025. The Ministry of Finance will confirm the rates after the official approval.

Public Reaction

The frequent fuel price hikes have led to widespread public frustration, especially amid the ongoing economic inflation. Citizens are concerned about the rising cost of living and have voiced their displeasure in public protests, demanding more affordable energy solutions.

Looking Ahead

Experts warn that fuel price hikes could continue unless Pakistan makes significant policy changes to reduce its reliance on imported oil. As global market conditions remain volatile, Pakistan faces increasing financial pressure, and it is uncertain whether the government will implement further measures to ease the financial burden on consumers.

Takeaway:

The rising fuel prices are adding to the already growing economic strain in Pakistan. With further price increases likely, consumers will continue to face the brunt of rising costs of living. These developments come at a time when Pakistan struggles with energy insecurity and inflation. As the situation continues to evolve, the financial outlook for ordinary citizens remains uncertain.
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