Petroleum product prices in Pakistan are expected to increase once again, with petrol and high-speed diesel (HSD) likely to see a hike of Rs 2–3 per litre starting Wednesday, covering the first fortnight of October. The adjustment comes in line with fluctuations in global crude oil prices.
According to official estimates, based on current tax rates, the ex-depot price of HSD may rise by about Rs 2.50 per litre (around one percent). Petrol prices are also expected to climb by Rs 1.90–2 per litre. Since mid-May, the combined increase in petrol and diesel prices has already reached nearly Rs 13 per litre.
Currently, the ex-depot price of petrol stands at Rs 264.61 per litre. Petrol is mainly consumed in private transport, motorcycles, rickshaws, and small vehicles, meaning price increases directly impact the daily expenses of lower- and middle-income groups. HSD, priced at Rs 272.77 per litre, is mostly used in heavy transport, trains, and agricultural machinery. Therefore, changes in diesel prices have a stronger inflationary impact, particularly on freight charges and food prices.
Reports also note that transporters increased fares between May and August after diesel prices surged by Rs 27 per litre. However, despite a recent Rs 13 per litre decrease in diesel prices, fares were not reduced.
Meanwhile, the prices of kerosene and light diesel oil are also expected to rise by Rs 4.50 and Rs 1.75 per litre, respectively. While the government is not currently charging General Sales Tax (GST) on petroleum products, heavy petroleum levies remain in place. At present, the levy amounts to Rs 79.50 per litre on diesel and Rs 80.52 per litre on petrol and high-octane, which includes Rs 2.50 per litre under the Carbon Surcharge Levy (CSL).
In addition, both petrol and diesel are subject to customs duties of Rs 16–17 per litre, regardless of whether the products are imported or locally refined.
