Pakistan’s 2025-26 Budget: Petrol and Diesel Costs May Rise
Pakistan’s government is set to announce the 2025-26 Budget today, and fuel prices are a big concern. Petrol, diesel, and other fuels might get more expensive, affecting everyone in the country.
Why Are Fuel Prices Going Up?
Here’s why fuel could cost more:
- Higher Fuel Tax
The government needs more money to meet International Monetary Fund (IMF) demands. They might raise the Petroleum Levy (a tax on fuel) from Rs. 60 per liter to Rs. 80 or higher, bringing in extra cash. - Weaker Pakistani Rupee
If the rupee loses value against the US dollar, importing oil gets pricier. This raises the cost of petrol, diesel, kerosene, and other fuels. - Unstable Global Oil Prices
World oil prices keep changing due to international issues. Even a small rise of $5-10 per barrel can make fuel costlier in Pakistan.
How Will This Affect You?
Rising fuel prices hit more than just car owners:
- Bus and transport fares will go up, making travel pricier.
- Food and goods will cost more because transporting them is expensive.
- Electricity bills might increase if power plants use costlier fuel.
- Factories will face higher costs, which could affect jobs.
Who Feels the Impact Most?
Some groups will struggle more:
- Low-income families will find it hard to afford transport and food.
- Middle-class households will spend more on fuel and daily needs.
- Farmers will pay more for diesel to run machines and pumps.
What People Are Saying
Many Pakistanis are upset about possible price hikes. They say fuel is essential, and taxing it heavily isn’t fair. Experts warn that higher fuel costs could drive up prices for everything, making life tougher.
Why the Government Might Do This
The government may say:
- They need the money to balance the budget.
- It will help fund programs like BISP for the poor.
- Global oil prices are out of their control.
In Short
The 2025-26 Budget might make fuel pricier with a higher tax and global price changes. While this could help the government’s funds, it may raise costs for transport, food, and bills, hitting ordinary Pakistanis hard.
