The ever-increasing inflation is making daily life challenging for the common people. Prices of essential commodities are soaring rapidly, putting additional burden on household budgets. A major factor behind this price hike is the rising cost of diesel, as most goods are transported using diesel-powered vehicles. Amid these circumstances, citizens are hoping for relief from the government. However, recent reports suggest that instead of relief, there has been an increase in petroleum prices — but it may not impact the general public directly.
Government Hikes Petrol and Diesel Levies
According to reports, the government has raised the levy on petrol by Rs 8.02 per liter, setting it at Rs 78.02 per liter. Likewise, the levy on high-speed diesel has been increased by Rs 7.01, reaching Rs 77.01 per liter. Despite this hike in levies, there will be no change in retail prices for consumers. Petrol will continue to be available at Rs 254.63 per liter, while high-speed diesel will remain priced at Rs 258.64 per liter from April 16 to April 30, 2025.
Why No Change in Petrol Prices Despite Global Oil Drop?
Interestingly, this decision comes at a time when petrol prices in Pakistan were expected to fall sharply. Global oil markets have seen a significant decline, with Brent crude futures trading at just $65 per barrel as of April 15. This drop had raised hopes for a reduction in local fuel prices.
OGRA’s Recommendations for Fuel Price Reduction
The Oil and Gas Regulatory Authority (OGRA) had earlier recommended a major cut in petroleum prices due to the global slump. The regulatory body proposed a reduction of Rs 8.27 per liter in petrol prices and Rs 9.6 per liter in high-speed diesel. Additionally, OGRA suggested a decrease of Rs 7.21 per liter in the prices of both light diesel and kerosene oil. However, these recommendations have not been implemented, disappointing consumers who were anticipating relief.
