Fuel prices in Pakistan are expected to rise in the upcoming fortnight due to higher international oil rates. According to official sources, the price of petrol may increase by Rs. 1 per liter, while high-speed diesel (HSD) could go up by Rs. 5 per liter, effective June 16.
The current ex-depot price of petrol is Rs. 252.63 per liter. Widely used in private transport, motorcycles, and rickshaws, petrol price hikes directly impact lower- and middle-income households.
HSD, priced at Rs. 254.64 per liter, powers trucks, buses, trains, and agricultural machinery. As a result, a rise in diesel cost is expected to fuel inflation, especially in food and transport sectors.
While the government charges zero general sales tax (GST) on petroleum products, it collects nearly Rs. 94 per liter through other levies. This includes a Petroleum Development Levy (PDL) of Rs. 78.02 on petrol and Rs. 77.01 on diesel, along with Rs. 16 per liter in customs duty on both fuels.
Additionally, Rs. 17 per liter is allocated to oil companies and dealers as distribution and sales margins.