The prices of petroleum products in Pakistan are expected to increase significantly despite a decline in global oil prices.
The price of high-speed diesel is likely to increase by Rs14.86 per litre, while the petrol rate is expected to rise by Rs11.43 per litre for the next fortnight, effective from July 1, 2025.
The Oil and Gas Regulatory Authority (OGRA) will submit its summary on revised petroleum prices today. The Petroleum Division and the Ministry of Finance will review the working before forwarding it to Prime Minister Shehbaz Sharif for final approval.
Meanwhile in international market, oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
Brent crude futures fell 12 cents, or 0.18%, to $67.65 a barrel by 0718 GMT, ahead of the August contract’s expiry later on Monday. The more active September contract was at $66.56, down 24 cents.
