ISLAMABAD: Petrol and high-speed diesel prices have increased in Pakistan following the implementation of higher dealers’ margins, adding to the cost burden for consumers and businesses.
According to a document issued by the Oil and Gas Regulatory Authority (OGRA), dealers’ margins on both petrol and high-speed diesel have been increased by Rs1.34 per litre.
The dealers’ margin on petrol has risen from Rs8.64 to Rs9.98 per litre, while the margin on high-speed diesel has also increased from Rs8.64 to Rs9.98 per litre.
New Petrol and Diesel Prices
The increase in dealers’ margins comes alongside a government adjustment in petroleum prices.
According to the Petroleum Division’s notification, the price of petrol has increased by Rs3.81 per litre, taking the new price to Rs341.59 per litre.
Meanwhile, the price of high-speed diesel has risen by Rs3.59 per litre, with the new price set at Rs368.29 per litre.
The revised prices will remain applicable until August 24, after which the government may announce another adjustment based on prevailing market conditions and other relevant pricing factors.
Higher Fuel Costs for Consumers
The latest increase is expected to affect motorists, transporters and businesses across Pakistan.
Petrol and diesel prices have a direct impact on transportation and logistics costs. Higher fuel prices can also contribute to increased costs for public transport, agricultural activities, industrial operations and the movement of essential commodities.
Businesses that depend heavily on transportation may also face higher operating expenses following the latest adjustment.
The increase in dealers’ margins is intended to provide petroleum dealers with a higher return per litre. However, the combined impact of higher margins and revised retail prices means consumers will face additional fuel expenses.
