Petrol Price Hike Expected from July 16: Another Burden on Inflation-Hit Public
As inflation continues to trouble the common people, a fresh blow is expected in the form of a petrol price hike starting from July 16, 2025. According to media reports, petrol and diesel prices could see a major increase in the upcoming review.
Expected Increase in Fuel Prices
As per Samaa News, prices of petroleum products are likely to go up for the next 15 days. Here are the projected figures:
- Petrol may become expensive by Rs 6.60 per litre
- High-Speed Diesel (HSD) could see a rise of Rs 5.27 per litre
This potential increase comes as part of the bi-monthly price review carried out by the Oil and Gas Regulatory Authority (OGRA).
Who Decides the Final Fuel Prices?
- The oil industry has already submitted its pricing working paper to OGRA.
- OGRA will forward its analysis to the federal government.
- The final decision will be made by the Ministry of Finance in consultation with the Prime Minister.
Why Are Fuel Prices Increasing Again?
There are multiple reasons behind the expected price hike:
- Global crude oil prices have risen slightly.
- Exchange rate fluctuations affect the cost of oil imports.
- Government taxes and levies contribute to the final retail price.
- Inflationary pressure continues to impact all sectors, including energy.
Impact on Common People
If the hike is approved:
- Transport costs will go up.
- Grocery and daily-use items may become more expensive due to higher delivery charges.
- Middle- and lower-income groups will feel the pinch the most.
Frequently Asked Questions (FAQs)
When will the new petrol prices be effective?
The revised prices are expected to be announced on July 15 and will take effect from midnight, July 16, 2025.
Who sets petrol prices in Pakistan?
The prices are proposed by OGRA and finalized by the Ministry of Finance after approval from the Prime Minister.
How often do petrol prices change?
Petrol and diesel prices in Pakistan are reviewed twice a month, typically on the 1st and 16th of each month.
Can the prices go down instead?
Yes, prices can also be reduced if global oil prices fall or if the rupee strengthens against the dollar. However, current trends suggest an increase.
Conclusion
Another fuel price hike appears to be on the horizon for Pakistan, adding to the growing financial stress for ordinary citizens. While the final decision is yet to be made, the signs point toward a significant increase in both petrol and diesel prices starting July 16. This will likely lead to a domino effect on everyday expenses. Citizens are advised to prepare accordingly and stay updated on official announcements.
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