Petrol price has been increased by Rs12.90 per litre and high-speed diesel (HSD) by Rs3.72 for September 8, taking petrol to Rs358.77 and diesel to Rs381.77 per litre.
The Petroleum Division, Ministry of Energy, announced the latest adjustment on September 7, stating that OGRA had revised the ex-depot prices of petroleum products under the pricing mechanism approved by the federal government.
The price of Motor Spirit, commonly known as petrol, has been raised from Rs345.87 to Rs358.77 per litre, showing an increase of Rs12.90 per litre.
HSD price has also been increased from Rs378.05 to Rs381.77 per litre, reflecting an upward adjustment of Rs3.72 per litre.
The latest fuel price increase is expected to have a direct impact on transport-related expenses, particularly as petrol is extensively used by motorcycles, rickshaws and small cars.
For daily commuters, the higher petrol price means increased expenditure on routine travel. Workers, students and other consumers relying on private vehicles or public transport may face higher commuting costs following the latest adjustment.
The increase could also raise operating costs for transport and delivery services. Businesses dependent on road transportation may face higher fuel expenses, potentially increasing the cost of moving goods and providing services.
The Rs3.72 per litre increase in HSD is particularly important for the transport and agriculture sectors. Trucks, buses and coaches rely heavily on diesel for the movement of passengers and goods across the country.
Agricultural machinery, including tractors, harvesters and tubewells, also uses diesel extensively. The increase in HSD prices can therefore add to farming and transportation costs and put additional pressure on sectors dependent on diesel.
The latest adjustment has taken petrol above the Rs358 per litre level, while HSD has moved above Rs381 per litre. The two fuel products now stand at Rs358.77 and Rs381.77 per litre respectively.
The revised prices were determined under the petroleum pricing mechanism, under which domestic petroleum prices are periodically adjusted according to prevailing international market conditions and other relevant factors.
The latest increase is likely to remain a key concern for motorists, transporters, traders and the agriculture sector, given the direct role of petroleum products in transportation and economic activity.
