Fuel prices in Pakistan are once again heading upward, with a fresh revision expected this week as petrol pump rates across the country come under renewed pressure from global energy market volatility.

Prime Minister Shehbaz Sharif has indicated the likelihood of another increase in petrol and diesel prices, linking the move to ongoing instability in international energy markets.

“It is a challenging situation,” the prime minister said while speaking to the media earlier today, highlighting the difficult economic environment shaping fuel pricing decisions.

Last week, the Petroleum Division had already raised fuel rates significantly, increasing petrol by Rs. 26.77 per litre to Rs. 393.35, while diesel climbed to Rs. 380.19 per litre.

With inflationary pressures continuing to build, analysts warn that fuel-related costs are likely to remain disproportionately high for Pakistani consumers compared to regional economies, unless broader income and growth conditions improve.

Meanwhile, petrol pump operators have also raised financial concerns, seeking Rs. 82.5 billion in government support to offset losses linked to the ongoing fuel crisis. According to details, payments have been released in phases over three weeks, including Rs. 17–18 billion in the first week, Rs. 15 billion in the second, and Rs. 18 billion in the third.

The government is now expected to release an additional Rs. 50–55 billion to Oil Marketing Companies (OMCs) in the coming days to settle outstanding dues and stabilize the supply chain.