Pakistan increases prices of petroleum products in fortnightly revision

Petrol station employees wait for customers in Rawalpindi on June 9, 2023. (AFP/File)
Short Url
Updated 01 November 2025
Follow

Pakistan increases prices of petroleum products in fortnightly revision

  • Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends
  • Petrol is mostly used for private transport, while diesel powers heavy vehicles in the South Asian nation

KARACHI: Pakistan has increased the prices of petroleum products by as high as Rs3 per liter, the country’s finance division said late Friday.

The government increased the price of petrol by Rs2.43 per liter to Rs265.45 and that of high-speed diesel by Rs3.02 to Rs278.44 per liter, according to a finance division notification.

The prices of superior kerosene oil and light diesel oil were maintained at Rs181.71 and Rs162.76 per liter respectively. The new prices have already taken effect.

“The government has revised the prices of the petroleum products following input from the Oil & Gas Regulatory Authority (OGRA) and the relevant Ministries,” the finance division said in its notification.

Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends, currency fluctuations and changes in domestic taxation. The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping sustain the country’s fuel supply chain.

Petrol is mostly used for private transport, small vehicles, rickshaws and two-wheelers, while diesel powers heavy vehicles used for transportation of good across the South Asian country.

Any increases have a direct impact on inflation, raising production and transportation costs and driving up the prices of essential goods and services, particularly food. The effect is further amplified by Pakistan’s reliance on imported fuel.

On Oct 16, the government had reduced the price of petrol by Rs5.66 per liter to Rs263.02 and that of high-speed diesel by Rs1.39 to Rs275.41 per liter, according to a finance division notification. 
 


Pakistan bank enables Shariah-compliant digital payment facility for passengers at Islamabad airport

Updated 23 February 2026
Follow

Pakistan bank enables Shariah-compliant digital payment facility for passengers at Islamabad airport

  • Pakistan is a cash-dominated market where a significant portion of transactions in the informal sector are made without any taxes, officials say
  • The move comes amid Pakistan’s efforts to introduce a cashless model at airports under which only digital service providers can provide services

KARACHI: Aik, Pakistan’s first Islamic digital bank, has enabled fully digital payments at Islamabad International Airport to offer travelers and passengers secure, Shariah compliant digital transaction facility.

The development comes amid Pakistan’s efforts to introduce a cashless model at airports across the country, under which only digital service providers can provide services to customers.

Aik, a subsidiary of Bank Islami, said it has onboarded merchants across the Islamabad airport and integrated QR code deployments at key touchpoints to allow passengers and visitors to make secure, seamless, and Shariah-compliant digital transactions at all counters, retail outlets, and service points.

It said the implementation complies with the regulations and framework set by the State Bank of Pakistan (SBP) and is a working model for a large-scale adoption of cashless systems in public infrastructure.

“This deployment reflects our commitment to building practical digital infrastructure that improves everyday transactions,” Aik Chief Officer Ashfaque Ahmed said in a statement.

“By enabling a fully cashless environment at a major national gateway, we are supporting efficiency, transparency, and financial inclusion at scale. This is not only a project; it is a foundation for Pakistan’s cashless future.”

Pakistan is a cash-dominated market where a significant portion of transactions, particularly in the informal sector, are conducted in cash. Officials say many of these transactions are aimed at avoiding taxes.

In recent years, the SBP has taken steps to ensure a transition toward a more cashless economy so that transactions are more traceable, reducing chances of tax evasion and corruption.

By digitizing Islamabad airport, aik said it continues to invest in secure and accessible financial solutions that “expand digital participation and support national economic modernization.”