The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) expresses serious concern over the sharp increase of Rs. 55 per litre in petrol and diesel prices. This sudden hike has pushed Pakistan’s fuel prices significantly higher than most countries in the region, placing additional pressure on businesses, industries, transporters, farmers, and the general public.
Regional Petrol Price Comparison
Country
Price in Local Currency
Price in USD (Approx.)
Pakistan PKR 321.17 $1.15
India INR 94.77 $1.03
SriLanka LKR 293.00 $0.94
Bangladesh BDT 116.00 $0.95
Economic Concerns
After this increase, Pakistan now has the highest petrol prices among key regional economies. This creates serious challenges:
- Higher transportation costs
- Increased industrial production costs
- Rising food and commodity prices
- Reduced export competitiveness
- Additional burden on the common citizen
FPCCI Appeal to the Prime Minister
FPCCI, representing the entire business community of Pakistan, respectfully urges the Prime Minister of Pakistan to immediately review and reconsider the recent petroleum price increase.
At a time when the country is struggling with inflation and striving to enhance exports and industrial growth, stable and competitive energy prices are essential for economic stability.
The business community strongly believes that a balanced and gradual pricing mechanism should be adopted to protect both the economy and the public from sudden inflationary shocks.
Zaki Aijaz
Regional Chairman
Vice President
Federation of Pakistan Chambers of Commerce & Industry (FPCCI)
