Pakistan raises petrol price by Rs3.47 for rest of January amid global market fluctuations

Petrol station employees wait for customers in Rawalpindi on June 9, 2023. (AFP/File)
Short Url
Updated 16 January 2025
Follow

Pakistan raises petrol price by Rs3.47 for rest of January amid global market fluctuations

  • Pakistan adjusts petroleum prices fortnightly to pass on the impact of any change to consumers
  • Fuel price hikes can push consumer prices higher across sectors, causing popular resentment

ISLAMABAD: The Pakistan government on Wednesday raised fuel prices for the remainder of the month, increasing the per-liter rates of petrol and diesel by Rs3.47 and Rs2.61 to align with recent trends in global energy markets.

Fuel prices in Pakistan are reviewed and adjusted fortnightly, based on fluctuations in international energy markets and the rupee-dollar exchange rate.

The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping to sustain the country’s fuel supply chain.

“OGRA [Oil and Gas Regulatory Authority] has worked out the consumer prices of petroleum products in view of fluctuations in [the] international market in the last fortnight,” it informed in a social media post while circulating the notification with revised rates.

It added that the new prices— 260.95 rupees per liter for high-speed diesel and 256.13 rupees per liter for petrol— would be effective starting Jan 16.

Fuel price increases typically push consumer prices higher across sectors, causing economic strain and fueling popular resentment.


Pakistani javelin star Arshad Nadeem bags ‘Global Breakthrough Athlete Award’ in UAE

Updated 6 sec ago
Follow

Pakistani javelin star Arshad Nadeem bags ‘Global Breakthrough Athlete Award’ in UAE

  • Arshad Nadeem made history last year after winning Pakistan’s first gold medal in javelin at the Paris Olympics 2024
  • Two-day World Sports Summit is being held in Dubai with over 1,500 sports leaders, athletes, policymakers attending

SLAMABAD: Pakistan’s javelin star and Olympic gold medalist Arshad Nadeem won the Global Breakthrough Athlete award at the World Sports Summit in the UAE on Monday. 

The two-day World Sports Summit is being held in Dubai from Dec. 29-30. The global event features over 1,500 sports leaders, policymakers and athletes who will partake in discussions related to the future of the industry under the theme “Uniting the World Through Sport,” the Emirates News Agency (WAM) said. 

News channels aired footage of Nadeem receiving the award in Dubai. Pakistan’s Information Minister Attaullah celebrated the achievement, referring to Nadeem as the nation’s “pride.”

“An honor for Pakistan,” Tarar wrote on social media platform X. “Arshad Nadeem is our pride.”

Nadeem won Pakistan’s first gold medal in javelin in August 2024 when he won the men’s javelin competition with a record-breaking 92.97-meter throw, triggering celebrations across the country.

Nadeem has also won medals at other international competitions, such as the Commonwealth Games and the Asian Games. In November, Nadeem won the gold medal in the men’s javelin throw at the Islamic Solidarity Games 2025 in Saudi Arabia, recording a throw of 83.05 meters from six attempts in a seven-man field.