Pakistanis brace for significant fuel price increases, potentially as high as Rs10.25 per liter for high-speed diesel (HSD), starting October 16.

Pakistan State Oil (PSO) will submit a proposal to the Oil and Gas Regulatory Authority (OGRA) on October 15, likely suggesting price hikes of Rs3.95 per liter for petrol, Rs7.85 for kerosene, and Rs8.33 for light diesel oil (LDO).

This proposal includes a Rs2.75 per liter increase to boost oil company and petrol pump profits, raising their margins to Rs9.22 and Rs10.04 per liter respectively.

After OGRA review and government approval, the Finance Ministry will announce the final prices, potentially pushing petrol to Rs250.98, HSD to Rs256.54, kerosene to Rs162.75, and LDO to Rs149.23 per liter.