Pakistan has recorded the highest petrol prices in the region following a recent sharp increase in petroleum product rates. According to sources in the Ministry of Petroleum, the price of petrol in Pakistan currently stands at approximately $1.15 per litre, making it more expensive than in several neighboring countries. 

In comparison, petrol in India costs about $1.03 per litre, while in Sri Lanka the price is around 94 cents per litre. Similarly, petrol in Bangladesh is priced at nearly 95 cents per litre, highlighting a significant gap with Pakistan’s fuel rates. 

The latest comparison comes after the government recently announced a major increase in petroleum prices, citing rising global oil costs and tensions in the Middle East as key factors behind the hike. Under the revised rates, petrol prices in Pakistan have surged by Rs55 per litre, pushing the cost to Rs321.17 per litre, while high-speed diesel now stands at Rs335.86 per litre.

Credit: Independent News Pakistan (INP)