Govt increases petrol price by Rs3.40, HSD by Rs6.72 per litre for Sept 10
Petrol price reaches Rs367.75 while diesel rises to Rs392.67 per litre under new daily pricing mechanism
On September 10, the government raised the price of petrol by Rs3.40 and high-speed diesel (HSD) by Rs6.72 per litre. According to the Petroleum Division, the new petrol price is Rs367.75 per litre and HSD price is Rs392.67 per litre. This is one day after a Rs5.58 and Rs4.18 per litre increase on September 9. In July, the government switched to daily price reviews of petroleum products due to global oil market volatility caused by tensions between the US and Iran.
Petroleum products account for a large portion of imports, making Pakistan susceptible to global crude oil price fluctuations. Domestic refineries cover only a portion of demand, the rest being imported crude oil and refined products. Every international oil price rise raises Pakistan's import bill, strains foreign exchange reserves and contributes to inflation.
The government previously used subsidies to protect consumers but this imposed fiscal costs. Global geopolitical factors pose significant risks to fuel prices as OPEC+ decisions, Middle East conflicts, sanctions on oil-producing nations and disruptions to shipping routes affect crude oil prices and freight costs.
Written by urgent.news from The Express Tribune - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
