Petroleum prices in Pakistan are expected to rise sharply in the coming days due to increasing global oil prices driven by regional tensions, according to a report by Arif Habib Limited. High-Speed Diesel (HSD) could see a jump of Rs. 27 per litre, while Motor Spirit (petrol) may increase by Rs. 21 per litre if international trends continue.
Global oil markets have been unsettled by the ongoing conflict between Israel and Iran. Since 13 June 2025, international prices for Gas Oil and Gasoline have risen by 9.6% and 4.5%, reaching USD 93.3 per barrel and USD 83.4 per barrel respectively as of 20 June.
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This anticipated hike follows a recent adjustment on 15 June, when the federal government raised petrol prices by Rs. 4.80 per litre and diesel by Rs. 7.95 per litre for the final fortnight of the 2024–25 fiscal year.
Analysts warn that continued volatility in the Middle East may place further pressure on local fuel costs, adding to inflation concerns in Pakistan. Consumers and businesses are bracing for higher transport and production expenses if the proposed increases are implemented.