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)
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Updated 16 January 2025
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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 business federation says EU envoy pledges support for training industrial workforce

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Pakistani business federation says EU envoy pledges support for training industrial workforce

  • Support aims to boost competitiveness as Pakistan expands skilled labor for exports and remittances
  • FPCCI says the country’s economic future hinges on preparing its workforce for modern technologies

ISLAMABAD: The European Union’s top diplomat in Pakistan has pledged support for the country’s push to train its industrial workforce, exporters and small businesses through the national technical and vocational education system, Pakistan’s top business federation said in a statement on Tuesday, calling the assistance critical for boosting competitiveness.

The commitment came during the first annual conference on Technical and Vocational Education and Training (TVET), jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the TVET Sector Support Program, where the EU envoy addressed business leaders and government officials.

“Pakistani industries, exporters, trade bodies and SMEs will be facilitated and supported in their training, and exporters should draw maximum benefit from the GSP+ program,” said EU Ambassador Raymonds Kroblis, according to the FPCCI statement, referring to the EU trade scheme that grants Pakistan preferential, duty-free access for most exports in return for implementing international conventions.

He added that Pakistan’s economic future depended on preparing its workforce for modern technologies.
FPCCI President Atif Ikram Sheikh said Pakistan could “change its economic trajectory” through large-scale skills development and called for a sustained public–private partnership to modernize vocational training.

He said the federation would train 1,000 officials from chambers and trade bodies to strengthen workforce readiness.

Sheikh said Pakistan’s youth had “immense potential” and required structured opportunities to advance, both for domestic industry and for overseas employment.

Pakistan has been working to expand its pool of skilled workers to tap opportunities in Gulf economies, where higher-skilled migration could help lift remittances, a major stabilizing force for Pakistan’s economy.

Speakers at the conference said aligning Pakistan’s workforce with international standards was key to improving productivity, securing export growth and preparing workers for global labor markets.