Petrol, diesel hike likely as OGRA sends fresh price summary

The federal government is expected to decide new petroleum prices after OGRA forwarded a proposal suggesting a steep increase in both petrol and diesel rates. The move comes as authorities weigh the fiscal impact of keeping prices unchanged in recent days despite pressure from the global oil market.

According to the report, the summary recommends an increase of Rs29 per litre for petrol and Rs49 per litre for diesel. Officials said the final call rests with Prime Minister Shehbaz Sharif, while sources indicated the government could still choose to absorb part of the burden again to cushion consumers.

The story noted that the state had already carried a sizable price differential cost for the previous week. With taxes and levies still forming a large portion of fuel prices, any final revision is likely to affect transport costs, inflation expectations and household budgets across Pakistan.