Islamabad, July 16, 2025: In another heavy blow to inflation-weary citizens, the federal government has delivered a fresh fuel price shock, jacking up the rates of petrol and diesel amid rising global crude oil prices.
According to a late-night notification issued by the Finance Division on Tuesday, the price of petrol has been hiked by Rs5.36 per litre, while high-speed diesel (HSD) has surged by a staggering Rs11.37 per litre.
With this latest increase, petrol will now cost Rs272.15 per litre (up from Rs266.79), and HSD has jumped to Rs284.35 per litre, compared to the previous Rs272.98. The new rates came into effect at midnight on July 16 and will remain in place for the next 15 days.
This marks the second consecutive fuel price hike in as many weeks. On July 1, the government had already raised petrol by Rs8.36 and diesel by Rs10.39, blaming global market volatility sparked by the 12-day Iran-Israel conflict. The Middle East crisis had sent international oil prices soaring, directly impacting Pakistan, which relies on imports for around 85% of its petroleum needs.
The Finance Division has once again pointed to “international market fluctuations” as the reason for the fresh hike. Pakistan’s fuel prices are reviewed every fortnight, based on global oil movements and currency exchange rates.
For ordinary citizens and transport operators already grappling with high inflation, this second price bomb in just 15 days is likely to trigger a fresh wave of economic strain — pushing up the cost of transport, food, and other essential goods.
