Pakistan hikes petrol and diesel prices by up to Rs2.96 per liter

A worker pumps petrol in vehicles at a fuel station in Rawalpindi on July 16, 2023. (AFP/File)
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Updated 01 January 2025
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Pakistan hikes petrol and diesel prices by up to Rs2.96 per liter

  • Government fixes fuel prices every fortnight to account for market fluctuations, dollar-rupee parity
  • After the latest revision, petrol will now sell for Rs252.66 while diesel will cost Rs258.34 per liter

ISLAMABAD: The government has increased the price of petrol and high-speed diesel by Rs0.56 and Rs2.96 per liter, respectively, according to the finance ministry on Tuesday.

Fuel prices are fixed on a fortnightly basis by in Pakistan, which adjusts them after evaluating changes in the global energy market and considering rupee-dollar parity. This allows the government to pass on the net effect to consumers to finance the country’s fuel imports.

“The Oil and Gas Regulatory Authority has worked out the consumer prices of petroleum products in view of the fluctuations in the international market in the last fortnight,” the finance ministry said in a notification.

“It has accordingly revised the prices of the petroleum products for the next fortnight starting from Jan. 1, 2025,” it added.

After the latest revision, a liter of petrol will cost Rs252.66, while high-speed diesel will sell for Rs258.34 per liter.

Petrol is mostly used in Pakistan for private transport, small vehicles, rickshaws and two-wheelers. At the same time, any increase in the price of diesel is considered highly inflationary, as it is mostly used to power heavy transport vehicles and particularly increases the prices of vegetables and other eatables.

On Dec. 15, Pakistan reduced the price of high-speed diesel by Rs3 per liter but kept the price of petrol unchanged.

Earlier, on Dec. 1, the price of petrol was increased by Rs3.72 per liter due to varying petroleum product prices in the international market.

Fuel prices in energy-starved Pakistan are instrumental in contributing to inflation. The South Asian country saw inflation hit a record high of 38 percent in May 2023.

Pakistan’s annual consumer inflation slowed to 4.9 percent in November, cooling from 7.2 percent in October.


Pakistan forces retake Balochistan town using drones, helicopters as violence toll rises

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Pakistan forces retake Balochistan town using drones, helicopters as violence toll rises

  • Security forces say 197 BLA militants killed after coordinated attacks across the province
  • Police say additional troops were sent to the remote town of Nushki amid rising violence

QUETTA: Pakistan’s security forces used drones and helicopters to wrest control of a southwestern town from separatist insurgents after a three-day ​battle, police said on Wednesday, as the death toll in the weekend’s violence rose to 58.

Saturday’s wave of coordinated attacks by the separatist Baloch Liberation Army brought Pakistan’s largest province to a near standstill as security forces exchanged fire with insurgents in more than a dozen places, killing 197 militants.

“I thought the roof and walls of my house were going to blow up,” said Robina Ali, a housewife living near the main administrative building in the fortified provincial capital of Quetta, where a powerful morning blast rocked the area.

Fighters of the BLA, the region’s strongest insurgent group, stormed schools, banks, markets and ‌security installations across Balochistan ‌in one of their largest operations ever, killing more than 22 ‌security ⁠officials ​and 36 ‌civilians.

Police officials gave details of the situation on condition of anonymity as they were not authorized to speak to the media.

In the desert town of Nushki, home to about 50,000, the insurgents seized control of the police station and other security installations, triggering a three-day standoff.

Police said seven officers were killed in the fighting before they regained control of the town late on Monday, while operations against the BLA continue elsewhere in the province.

“More troops were sent to Nushki,” said one security official. “Helicopters and drones were used against the militants.”

Pakistan’s ⁠interior ministry did not immediately respond to a Reuters request for comment.

LATE NIGHT ATTACKS

Pakistan’s largest and poorest province, mineral-rich Balochistan borders Iran and ‌Afghanistan and is home to Beijing’s investment in the Gwadar deep-water ‍port and other projects.

It has grappled with a ‍decades-long insurgency led by ethnic Baloch separatists seeking greater autonomy and a larger share of its natural ‍resources.

The BLA, which has urged people of the province to support the movement, said on Tuesday it had killed 280 soldiers during its Operation “Herof,” Black Storm, but gave no evidence.

Security officials said the weekend attacks began at 4 a.m. on Saturday with suicide blasts in Nushki and the fishing port of Pasni and gun and grenade ​attacks in 11 more places, including Quetta.

The insurgents seized at least six district administration offices during the siege and had advanced at one point to within 1 km (3,300 ft) ⁠of the provincial chief minister’s office in Quetta, the police officials said.

EVOLVING INSURGENCY

Pakistan has blamed India for the attacks, without furnishing evidence for charges that could escalate hostilities between the nuclear-powered neighbors who fought their worst armed conflict in decades in May.

India’s foreign ministry has rejected the charges, saying Islamabad should instead tackle the “long-standing demands of its people in the region.”

Retired Lt. General Amir Riaz, who led the military in Balochistan from 2015 to 2017, said the insurgency had evolved over the last decade.

He added that it gained strength as the BLA received Indian support and used Afghanistan as a staging ground for its attacks, a charge the Taliban government has denied.

Riaz said the conflict would oscillate between stalemate and periods of heightened violence.

“It has escalated. The response will be decisive, leading to serious capacity degradation of BLA,” he said, denying that the Pakistani military ‌has used excessive force in Balochistan.

“However, ultimately the issues are only resolved through political process and governance.”