The federal government of Pakistan has signalled another possible increase in petrol prices in the coming days as pressure from the International Monetary Fund and fluctuating global oil rates continue to impact the economy.
Shehbaz Sharif indicated that further fuel price adjustments may be required to manage economic challenges and meet revenue targets. Petrol prices have already crossed Rs. 414 per litre across the country, while reports suggest the next revision could take rates beyond Rs. 430 per litre.
Sources said the government is also raising the Petroleum Development Levy (PDL), increasing the financial burden on consumers as transport and import costs continue to rise.
The expected petrol price hike has sparked concern among motorists, motorcyclists, and daily commuters, with many middle-class families saying rising fuel expenses are putting additional pressure on household budgets.