TRADE & ECONOMY
Pakistan is expected to see a significant increase in petrol and diesel prices, with estimates ranging between Rs 30 to Rs 50 per liter.
A high-level meeting was convened under the chairmanship of Deputy Prime Minister Ishaq Dar to review petroleum product reserves and assess the impact of global price fluctuations. The session included the Minister of Finance, Minister of Petroleum, Minister of Commerce, and other senior officials.
During the meeting, the recommendations of the Ministry of Petroleum regarding price adjustments were carefully considered. Briefings were also provided by OGRA, PARCO, and other relevant departments on the current petroleum reserves in the country.
Sources indicate that the price increase could be implemented from 12 o’clock midnight tonight, affecting consumers nationwide. The government’s decision comes amid escalating tensions in the Middle East, which have driven global oil prices upward, impacting domestic fuel costs.
Officials have urged citizens to stay informed about the new pricing and plan accordingly, as the hike is expected to influence transportation, logistics, and general living expenses across Pakistan.