Here are the most recent petroleum prices in Pakistan, effective Friday, January 10, 2025. Citizens are advised to stay updated on the latest petroleum prices before refueling their vehicles.
According to the Oil and Gas Regulatory Authority (OGRA), the price of petrol has been set at Rs252.66 per litre, while high-speed diesel (HSD) is priced at Rs258.34 per litre. These rates will remain in effect until January 15, 2025.
The current revision in petroleum prices follows a recent increase by the government. In the previous fortnight, petrol prices were maintained at Rs252.10 per litre, while the cost of high-speed diesel was reduced by Rs3.05 per litre. During the same period, kerosene and light diesel oil prices were also lowered by Rs3.32 and Rs2.78, bringing their costs down to Rs161.66 and Rs148.95 per litre, respectively.
Petroleum prices have a profound impact on various aspects of daily life in Pakistan. Petrol is extensively used in private transportation, particularly motorcycles, cars, and rickshaws, making it a critical component for millions of citizens. Any fluctuation in petrol prices directly affects commuting expenses, especially for middle- and lower-income households.
On the other hand, high-speed diesel (HSD) is integral to Pakistan’s transport and agricultural sectors. It fuels heavy vehicles, including trucks, buses, and trains, and powers essential farming machinery such as tractors, threshers, and tube wells. Consequently, changes in diesel prices have far-reaching consequences for the economy.
An increase in diesel costs typically leads to a surge in transportation expenses, which in turn drives up the prices of essential goods like vegetables, grains, and other staples. This inflationary impact exacerbates the financial burden on households already coping with rising costs of living.
The adjustment of petroleum prices reflects Pakistan’s ongoing efforts to balance domestic economic pressures with the fluctuations of global oil markets. As the country navigates these challenges, the impact of rising petroleum prices on consumers, businesses, and industries is expected to be significant.
The government faces the critical task of addressing fiscal needs while ensuring that adjustments in petroleum prices do not disproportionately affect its citizens. Strategic planning and long-term energy policies are essential to mitigate the cascading effects of these price changes on the economy.