Pakistan may witness another rise in petrol and diesel prices before the next fortnightly review, as global oil markets remain volatile and import costs continue to increase. The government revises petroleum prices every 15 days based on recommendations from the Oil and Gas Regulatory Authority (OGRA) and changes in international fuel prices.
Latest Petrol and Diesel Prices in Pakistan
The federal government recently increased petroleum prices for the current fortnight starting March 1, 2026. Petrol prices were raised by Rs8 per litre, while high-speed diesel (HSD) increased by Rs5.16 per litre. After this increase, petrol reached Rs266.17/litre, and diesel climbed to Rs280.86/litre around the country.
Officials say the increase reflects higher international oil prices and changes in import costs. Pakistan imports a large portion of its fuel from gulf countries, so storage of import and fluctuation In international markets directly effects prices in Pakistan and increase inflammation.
Why Fuel Prices May Rise Again
Industry estimates suggest that fuel prices could increase further in the upcoming review if global oil prices remain high. Recent market calculations indicate petrol may rise by around Rs4–5 per litre, while diesel could increase by about Rs4–6 per litre depending on global petroleum rate.
Several factors are contributing to the expected increase:
- Rising global crude oil prices in international markets
- Higher freight and shipping costs for imported fuel
- Exchange rate pressure on Pakistan’s currency
- Adjustments in petroleum levies and margins
Because majority of petroleum is imported from other countries, so minor change impact highly in oil prices.
Impact on Transportation and Inflation
An increase in petrol and diesel prices usually affects multiple sectors of the economy. Petrol is mainly used in motorcycles, rickshaws, and small vehicles, meaning any increase directly impacts daily commuters. Diesel, on the other hand, powers trucks, buses, trains, and agricultural machinery.
When diesel prices rise, transportation and logistics costs increase, which often leads to higher prices for food, vegetables, and other essential goods in markets. This can further push inflation and increase the financial burden on households across Pakistan.
What to Expect in the Next Review
The government will announce the next fuel price adjustment in the upcoming fortnightly review after analyzing global oil prices and recommendations from OGRA. If international oil markets remain unstable, consumers may see another increase in petrol and diesel prices in the coming weeks.
