Petrol prices likely to rise by Rs4.75 per litre

Petrol prices are expected to increase by around Rs4.75 per litre in the upcoming fuel price review, while high-speed diesel prices are likely to remain largely unchanged, according to industry estimates.

Internal calculations by the oil industry suggest the ex-refinery price of petrol may rise from Rs270.03 per litre to Rs274.77 per litre. The expected increase is mainly linked to higher international oil prices, with the Free on Board rate for petrol rising during the review period.

Industry estimates indicate that reductions in premiums and incidental costs provided limited relief, while the removal of a previous Pakistan State Oil adjustment also contributed to the projected increase.

In comparison, high-speed diesel is expected to record only a marginal increase of around Rs0.20 per litre. Despite higher international diesel prices, lower customs duty and reduced incidental costs helped offset the impact.

Officials said the exchange rate remained relatively stable during the review period, limiting its effect on pricing.