Author: Sania Ali
Saturday, 29 March 2025
In the competitive landscape of South Asia, fuel pricing plays a pivotal role in shaping economic trajectories. As of March 28, 2025, India's dynamic pricing system offers a fascinating case study. In major cities petrol prices are approximately ₹94.77 per liter in New Delhi, ₹103.50 in Mumbai, ₹105.01 in Kolkata, and ₹100.80 in Chennai. These rates, which vary across regions due to factors like Value-Added Tax and dealer commissions are updated daily at 6 am. This system effectively responds to international crude oil trends, fluctuations in the rupee-dollar exchange rate and overall fuel demand.
On the other hand, Pakistan currently reports petrol prices at Rs. 255.63 per liter with High Speed Diesel at Rs. 258.64 per liter and Light Speed Diesel at Rs. 155.81 per liter. Given that 1 Indian Rupee is equivalent to Rs. 3.28, the disparity underscores a significant advantage for Indian consumers in terms of fuel purchasing power.
India’s robust fuel consumption is further highlighted by its 2023 figures, approximately 249.3 million metric tons of petroleum consumed, with gasoline usage peaking at around 43 billion liters. This remarkable volume reflects not only a growing economy but also the efficacy of a responsive pricing mechanism.
For Pakistan to realize similar growth and stability, a strategic overhaul of its fuel policies is essential. Emulating the Indian model could foster market resilience and spur economic progress. Relying on politicized petrol pricing undermines long-term economic potential and without reform, Pakistan's already fragile economy may face further disintegration.
Instead of using fuel pricing as a political tool, prioritizing sound economic policies is crucial. With the right fuel policy framework in place, Pakistan could significantly enhance its economic stability and drive sustainable growth.