Islamabad: The government announced an increase in petroleum prices following recommendations from the Oil and Gas Regulatory Authority (OGRA). Petrol (MS) has been raised by Rs2.43 per litre, reaching Rs265.45 from Rs263.02. High-speed diesel (HSD) is now Rs278.44 per litre, up Rs3.02 from Rs275.42. The new prices will take effect from November 1, 2025, and remain for the next two weeks.
The Finance Division explained that the adjustments were made after reviewing OGRA’s input and consulting relevant ministries. Officials said global oil prices and exchange rate fluctuations influenced the price changes. The government emphasized that the increase aligns with market conditions to maintain stability in fuel supply.
Read more: Govt hikes petrol, diesel prices amid global oil fluctuations
Previously, during the last fortnightly review, petrol prices were reduced by Rs5.66 per litre to Rs268.68. Similarly, high-speed diesel rates were lowered by Rs1.39 to Rs275.41 per litre. These adjustments reflect the government’s effort to respond to market dynamics and protect consumers from sudden shocks.
The petroleum industry reported a Rs3 per litre loss on oil imports between July and September. Analysts said the new price hike will help the industry recover while ensuring continued supply to consumers. Experts also noted that periodic price revisions are essential to align domestic rates with international trends.
Read more: Petrol, diesel prices expected to rise from november 1
Consumers are advised to prepare for slightly higher fuel costs over the coming weeks. The government has reiterated that fortnightly reviews will continue, and prices may change based on global oil rates and currency fluctuations. Authorities also stressed the importance of monitoring fuel consumption to reduce financial impact on households.