Islamabad (HRNW)- The government is expected to increase the prices of petrol and high-speed diesel under the upcoming fuel price review, raising concerns about an additional financial burden on consumers.
According to reports, the recent rise in global crude oil prices, driven by tensions between Iran and the United States, has affected Pakistan’s fuel pricing mechanism. Under the new review expected to take effect from July 18, high-speed diesel is likely to become Rs40 per litre more expensive, while the price of petrol is expected to increase by Rs10 per litre.
According to a private television report, the government is also considering reducing the petroleum levy in an effort to lessen the impact of higher fuel prices on consumers.
Meanwhile, the government has decided to take strict action against hoarding and the creation of artificial shortages of petroleum products. The National Committee on Monitoring and Coordination has directed the Oil and Gas Regulatory Authority (OGRA) to take immediate legal action against those involved in hoarding fuel.
Authorities have also instructed relevant departments to ensure the uninterrupted supply of petroleum products across the country to prevent further hardship for the public.
Economic experts say that fluctuations in international oil prices, particularly during periods of geopolitical tension, continue to pose a major challenge for energy-importing countries like Pakistan. They also stress that while action against hoarding is important, long-term stability will require greater investment in alternative energy sources and policies that reduce dependence on imported fuel.
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