Petroleum prices in Pakistan are expected to increase by Rs4.50 to Rs7 per litre from March 1, 2026, for the next fortnight ending March 15, due to a slight upward trend in global crude oil prices and regional tensions, official sources said on Friday.
Read More: Govt ‘likely to hike petrol, diesel prices’ for next fortnight
According to estimates based on current tax rates, petrol prices may rise by about Rs4.50 per litre, while high-speed diesel (HSD) is likely to increase by Rs4.70 per litre. Meanwhile, kerosene oil and light diesel oil (LDO) could see higher increases of around Rs5 and Rs7 per litre, respectively. The final prices will be confirmed after official calculations on February 28.
Currently, the ex-depot price of petrol stands at Rs258.17 per litre, though it is being sold at more than Rs259.30 per litre at retail outlets. Similarly, HSD is officially priced at Rs275.70 per litre but is retailing at around Rs277 per litre. Kerosene and LDO are officially priced at Rs180.53 and Rs161.72 per litre, respectively, although kerosene is being sold at significantly higher rates in the open market.
The government continues to collect substantial taxes on petroleum products. Combined charges, including petroleum levy, customs duty, and climate support levy, amount to about Rs105 per litre on petrol and Rs98 per litre on diesel. In addition, oil marketing companies and dealers receive around Rs17 per litre in distribution and sales margins.
Petrol is widely used by private vehicle owners, motorcyclists, and small transport operators, making its price directly relevant to household budgets. Diesel, on the other hand, powers heavy transport, agriculture, and public logistics, meaning any increase can contribute to rising food and commodity prices.
Read More: Govt hikes petrol, diesel prices for next fortnight
The expected price hike may add further pressure on inflation and increase transportation and living costs for consumers across the country.