Petrol and diesel prices in Pakistan are likely to increase starting December 16, as international oil rates continue to climb. Reports suggest that US crude oil has risen to $68.05 per barrel, while British Brent now stands at $71.85 per barrel, following a steady upward trend in global markets.
The Oil and Gas Regulatory Authority (OGRA) has sent its recommendations to the federal government for adjusting fuel prices. A final decision is expected to be announced on December 15, leaving citizens anticipating the potential impact on their daily expenses.
Last month, the government raised petrol prices by Rs. 3.72 per liter and high-speed diesel (HSD) by Rs. 3.29 per liter. With another possible hike on the horizon, concerns are growing over rising transportation costs and their ripple effects on goods and services.
The government is under pressure to balance economic challenges and public concerns as fuel prices remain a critical factor influencing inflation and household budgets. While the global oil market continues to experience volatility, any adjustments to local fuel prices will likely reflect these trends.
Citizens are anxiously waiting for the government’s announcement, which will determine the extent of the increase and its impact on daily life. The new rates, if approved, will take effect from December 16, adding another layer of strain to an already challenging economic landscape.
