Pakistan is grappling with a diesel shortage that started in Islamabad after oil companies stopped deliveries for three days. The move has left many towns and villages without fuel and has sparked concerns that prices could jump again from November 16.
Oil traders say private firms created a shortage to squeeze the market, while the state‑owned Petroleum & Gas Development Company (PSO) says it can’t meet the demand. Dealers argue that the market is already stretched thin for diesel, and they fear a supply gap will force prices higher.
Here’s what to know about the upcoming price changes:
- Diesel could rise by up to PKR 9.60 per litre on November 16.
- Petrol is expected to drop slightly by PKR 1.96 per litre.
- Kerosene may increase by about PKR 8.82 per litre.
- Light diesel oil could see a rise of roughly PKR 7.15 per litre.
These adjustments follow a January change and come after the federal government lifted fuel prices by up to PKR 3.02 per litre in late October, effective from November 1. Earlier, the government had lowered fuel prices by up to PKR 5.66 per litre in October, but international oil prices have been trending upward, prompting a new hike.
Why the worry? Inflation is already running high, and any spike in fuel costs can widen the gap for everyday families. People in major cities and rural areas alike are watching closely to see how much they will pay at the pump next month.
For those planning trips or running businesses, keep an eye on fuel stations in Islamabad and other key regions. If diesel runs short, you may need to adjust routes or timing until the supply stabilizes. Stay tuned for updates as the government rolls out the new pricing schedule.
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