The prices of petroleum products in Pakistan are likely to go up from June 16, with diesel seeing a notable hike of over Rs5 per litre, according to official sources and a preliminary price review document.

As per the working paper prepared ahead of the fortnightly fuel price review, petrol is expected to rise by Rs1.12 per litre, while high-speed diesel may increase by Rs5.27. The price of kerosene oil could also go up by Rs4.13 per litre.

“The proposed rates are based on international oil market trends and domestic tax adjustments,” said an official familiar with the pricing process. The final decision, however, rests with the Ministry of Finance, which is expected to consult Prime Minister Shehbaz Sharif before announcing the new rates.

Earlier this month, petrol was increased marginally by Re1, bringing it to Rs253.63 per litre, while diesel remained unchanged at Rs254.64 per litre.

An official statement from the Finance Ministry attributed the revisions to “movements in the global oil market and currency exchange fluctuations.”

Impact on Daily Life

Although the petrol hike appears modest, the diesel increase could have broader consequences.

“Diesel is essential for transport and agriculture. A hike of over Rs5 will drive up logistics costs, commodity prices, and possibly inflation,” noted an energy analyst.

Consumers, particularly daily wage earners and transporters, may feel the squeeze as rising utility and fuel costs further erode purchasing power.

The final announcement on revised fuel prices is expected late on June 15, ahead of implementation at midnight.