The government has raised the prices of petrol and diesel, intensifying the financial strain on citizens amid a period of rising inflation. Petrol will now cost Rs. 252.10 per liter, up by Rs. 3.72, while high-speed diesel (HSD) has been increased by Rs. 3.29 per liter, setting its new price at Rs. 258.43.

Global Pressures Behind the Hike

The sharp rise in petroleum prices is attributed to increased global premiums and higher import costs, as revealed by official sources. These economic challenges have forced the government to pass on the burden to the public.

Similar adjustments were made earlier. On October 31, petrol prices were hiked to Rs. 248.38 per liter, while HSD rose to Rs. 255.14, reflecting a consistent upward trend.

LPG Prices Spike Yet Again

OGRA has also raised Liquefied Petroleum Gas (LPG) prices, effective December 1. The price per kilogram of LPG has climbed to Rs. 254.30, up from the previous rate, pushing the cost of a domestic cylinder to Rs. 3,079.79.

This increase is closely linked to the rising value of the US dollar, which has driven up import costs. The surge in LPG prices is expected to further burden households and small businesses that rely heavily on this fuel.

These frequent hikes in energy prices are part of a broader economic trend, reflecting the impact of fluctuating global markets and currency devaluation on Pakistan’s economy. As the cost of living continues to rise, citizens face mounting challenges in managing their daily expenses.