Here are the most recent prices of petrol and diesel in Pakistan, effective Sunday, January 12, 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 adjustment in petrol and diesel prices follows a recent increase announced by the government. Previously, 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, respectively, bringing their costs down to Rs161.66 and Rs148.95 per litre.
Petrol and diesel prices have a profound impact on various aspects of daily life in Pakistan. Petrol, widely used in private transportation such as motorcycles, cars, and rickshaws, remains a vital necessity for millions of citizens. Any fluctuation in petrol prices directly influences commuting expenses, particularly for middle- and lower-income households.
Meanwhile, high-speed diesel (HSD) plays a crucial role in Pakistan’s transport and agricultural sectors. It fuels heavy vehicles, including trucks, buses, and trains, as well as powering essential farming machinery like tractors, threshers, and tube wells. As such, changes in diesel prices have a significant ripple effect across the economy.
An increase in diesel costs often leads to higher transportation expenses, which subsequently drive up the prices of essential commodities, including vegetables, grains, and other staples. This inflationary pressure exacerbates the financial challenges faced by households already grappling with rising living costs.
The adjustment of petrol and diesel prices reflects Pakistan’s efforts to balance domestic economic pressures with global oil market fluctuations. The impact of these price changes on consumers, businesses, and industries is expected to be far-reaching. As the government addresses fiscal needs, it must also ensure that petroleum price adjustments do not disproportionately affect its citizens.
Long-term energy strategies and effective planning are crucial to mitigating the cascading effects of rising petrol and diesel prices on Pakistan’s economy. This balance will be key to sustaining economic stability while addressing the concerns of the populace.