Pakistan is preparing for a major increase in Petrol prices as global oil costs continue to rise. Officials say the new rates could push Petrol prices close to or even above Rs400 per litre in the coming days.
According to sources, the government is considering passing most of the international price increase to consumers. A high-level meeting chaired by Finance Minister Muhammad Aurangzeb reviewed the situation. The meeting included provincial leaders and senior officials.
Authorities said the final Petrol price adjustment is still being calculated. The increase will depend on recent changes in global oil markets. However, insiders expect the revised prices to be announced soon.
The main concern is the growing gap between local and international fuel costs. Officials estimate that Petrol prices are currently about Rs100 per litre lower than import costs. For diesel, the difference is even higher.
To manage the situation, the government may continue limited subsidies. These will likely target specific groups such as bikers and farmers. However, most consumers may still face a significant increase in Petrol prices.
In March 2026, the government spent around Rs129 billion on fuel subsidies. Officials say the total subsidy limit is set at Rs158 billion. This has increased pressure on authorities to reduce financial support and adjust prices.
Discussions are also ongoing between federal and provincial governments. Leaders, including Asif Ali Zardari and Shehbaz Sharif, are working on a shared subsidy plan. Under this arrangement, provinces may contribute based on population or fuel usage.
Some provinces have suggested passing the full Petrol price increase to consumers. They also proposed targeted subsidies for key sectors. However, officials warn that such a move could trigger public reaction.
Globally, Petrol prices have already increased in more than 85 countries. The rise is linked to tensions between the United States and Iran, which have disrupted oil supply routes. Countries across Europe and Asia are also facing higher fuel costs.
Pakistan has already seen Petrol prices rise by around 20 percent in recent weeks. Experts say further increases are likely if global conditions remain unstable.
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The government is expected to announce the final decision after consultations with relevant departments. The upcoming change in Petrol prices will have a direct impact on inflation and daily expenses across the country.
