Business Desk 
Jan 11, 2025
An undated image of workers standing at a petrol pump in Pakistan. — AFP
The government of Pakistan is likely to once again increase petrol prices, reflecting the ongoing upward trend in global oil markets. According to the reports, petrol and diesel prices could rise by up to Rs3 per litre starting January 16.
Earlier in December 2024, fuel prices had already witnessed an increase, with petrol rates climbing by Rs0.56 to Rs252.66 per litre and high-speed diesel (HSD) rising by Rs2.96 to Rs258.34 per litre. The potential hike this January underscores the volatile nature of energy markets and their direct impact on Pakistan’s economy.
It is expected that a potential increase in fuel prices will directly impact the cost of transportation and goods, further burdening consumers and businesses already grappling with inflationary pressures.
The official fuel price adjustments are set to be announced on January 15, setting the tone for the next two weeks.
This announcement will determine the extent of the financial burden for consumers and the broader implications for Pakistan’s economy.
