Motorists in Pakistan are expected to encounter an increase in petrol prices starting March 1, 2025, with rates likely to rise by Rs. 4 to Rs. 4.50 per liter. Conversely, diesel prices are projected to decrease slightly due to shifts in global oil markets and currency exchange rates.
Officials indicate that the ex-depot price of petrol will adjust upwards, with final rates to be determined by February 28. In contrast, prices for high-speed diesel (HSD) and kerosene are forecasted to drop by less than Rs. 1 per liter.
The impending rise in petrol prices is largely due to modest increases in international oil prices coupled with exchange rate depreciation against the US dollar. Although global Brent crude prices have seen relative stability, maintaining a nearly flat line over the last ten days, they have cushioned potential larger increases.
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Currently, the ex-depot price for petrol is noted at Rs. 256.13 per liter. High-speed diesel is available at Rs. 263.95 per liter, and kerosene, officially priced at Rs. 171.65 per liter, is fetching much higher prices in the open market, with costs ranging between Rs. 300 and Rs. 350 per liter.
The government is set to make final price announcements on February 29, which will reflect the latest international oil price trends and currency exchange fluctuations.
