Petrol Prices Likely to Increase in Pakistan from November

Pakistan’s petrol prices are projected to increase from November 1 due to volatility in the international oil market and the effects of new US sanctions on major Russian oil producers.

Early estimates covering the first 12 days of the ongoing pricing cycle indicate that petrol prices may climb by Rs1.48 per litre. High-speed diesel (HSD) is also expected to see an upward adjustment of around Rs1.38 per litre based on prevailing international trends.

Kerosene oil is likely to record a steeper rise of Rs2.34 per litre, while light diesel oil (LDO) may increase by Rs0.49 per litre. If these estimates hold, consumer prices effective from November 1 are expected to reach Rs264.50 per litre for petrol, Rs276.80 for diesel, Rs184.05 for kerosene, and Rs163.25 for LDO.

Officials note that the upward movement is largely driven by fluctuating crude rates in global markets and the ripple effect of recent sanctions on Russia’s top oil exporters, which have tightened supply conditions.

The final decision on adjustments to petrol prices and other fuels will be announced on the evening of October 31 after authorities review the complete fortnight’s data on import costs and exchange rate movements.