Petrol prices in Pakistan are set to increase, with a proposed rise of Rs4.39 per litre. High-speed diesel is also expected to go up by Rs5.40 per litre.
Sources indicate that kerosene oil may increase by Rs4 per litre, while light diesel oil could see a jump of Rs6.55 per litre. The revisions are part of the regular fortnightly review of fuel rates.
The Oil and Gas Regulatory Authority (OGRA) has completed its initial assessment and will forward the price recommendations to the Petroleum Division on Sunday. After approval from Prime Minister Shehbaz Sharif, the new petrol prices will be officially announced.
If approved, the new rates will be: petrol at Rs257.56 per litre, high-speed diesel at Rs273.78 per litre, kerosene oil at Rs179.80 per litre, and light diesel oil at Rs160.96 per litre. Diesel price adjustments are expected to take effect from February 16.
Officials said the decision followed a detailed review of domestic fuel trends, market conditions, and international petrol rates over the past two weeks. Supply and demand factors were carefully considered to maintain a balance between consumer relief and fiscal needs.
The Petroleum Division confirmed that the revised petrol prices will remain in effect until February 28. Any further adjustments will be made after the next scheduled review. Authorities emphasized that petrol and diesel rates in Pakistan are reviewed every two weeks to ensure market stability.
Consumers are advised to monitor official announcements for the final approval of the revised fuel rates. Analysts say the increase in petrol prices reflects global fuel trends and domestic supply costs, which affect transportation and overall market pricing.
The upcoming adjustment is part of the government’s regular mechanism to balance economic pressures with public affordability, ensuring transparency in fuel pricing across Pakistan.
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