Fuel users in Pakistan should prepare for a price hike. Petrol price in Pakistan could rise by up to Rs. 9.60 per litre in the next 15 days. Industry insiders say the surge is linked to a diesel shortage in the Gulf region.
Pakistan imports most of its diesel from Kuwait. One of Kuwait’s key refineries was undergoing maintenance, initially set to finish in early November. Now, the maintenance has been extended by 15 days. This has reduced diesel supply regionally, putting pressure on Petrol price in Pakistan.
Sources report that out of three units at Kuwait’s Al-Zour refinery, only two are fully operational. High-speed diesel (HSD) production has dropped, and global prices have risen. Petrol prices in Pakistan are on track for alterations in the weeks ahead, driven by the current shortage.
The consequences of this supply shortfall are likely to be felt by everyone, from individual consumers to businesses that run on diesel. It’s a chain reaction: fuel stations could start running low on stock, which will increase the transportation costs. According to analysts, this tight situation is poised to keep the Petrol price in Pakistan uncomfortably high until refinery operations can finally return to normal.
