The highest ever fuel price hike in Pakistan has taken petrol and diesel rates to record levels, adding fresh pressure on the public. Petrol now costs Rs458.40 per litre, while high-speed diesel has reached Rs520.35 per litre, the highest in the country’s history.
The government announced the increase after a high-level meeting, calling it unavoidable due to rising global oil prices linked to tensions in the Middle East. Officials said petrol prices jumped by Rs137.23 per litre, while diesel saw a sharp increase of Rs184.49 per litre.
Pakistan relies heavily on imported oil, with nearly 90 percent coming from Dubai and Oman. Recent spikes in international markets have pushed diesel prices beyond $250 per barrel, leaving little room for the government to absorb the shock.
Authorities admitted the decision will impact daily life but stressed that continuing blanket subsidies could damage economic stability. Over the past month, the government has already spent billions to cushion the blow, but officials say such support cannot continue at the same level.
To ease the burden, targeted relief measures have been introduced. Motorcycle users will get a subsidy of Rs100 per litre on limited fuel usage for three months. Public transport, goods carriers, and small farmers will also receive financial support to manage rising costs.
Despite these steps, concerns are growing that the highest ever fuel price hike in Pakistan will trigger a chain reaction. Transport fares, electricity costs, and food prices are all expected to rise in the coming days.
The government is also planning energy-saving measures, including revised market timings, to reduce fuel consumption. Officials say these steps are necessary to manage the crisis and meet international financial commitments.
Meanwhile, the price hike has been challenged in court. A petition filed in the Lahore High Court argues that the increase is unjust and harmful to the public. The plea urges authorities to withdraw the decision and provide immediate relief.
As the situation unfolds, the highest ever fuel price hike in Pakistan continues to dominate public debate, with many fearing its long-term impact on inflation and economic stability.