ISLAMABAD: Petroleum product prices in Pakistan are expected to increase by up to Rs6.88 per litre from March 1, 2026, following a proposed revision based on recent international market trends and domestic pricing dynamics.
According to sources, the price of petrol is likely to go up by Rs4.58 per litre, while high-speed diesel may see an increase of Rs4.73 per litre. Kerosene oil is expected to witness the highest jump of Rs6.88 per litre, and light diesel oil may rise by Rs5 per litre.
Officials said preliminary work on the price adjustment has been finalised. The Oil and Gas Regulatory Authority (OGRA) is set to forward its recommendations to the Petroleum Division on Saturday.
After review and approval by Prime Minister Shehbaz Sharif, the Petroleum Division will formally announce the revised fuel prices. If approved, the new rates will remain in effect from March 1 to March 15, 2026.
Authorities stated that the proposed revision was formulated after assessing global oil price fluctuations, exchange rate trends, and domestic market conditions over the past fortnight. Fuel prices in Pakistan are reviewed every two weeks to balance fiscal requirements with consumer impact.
Separately, allegations have surfaced against certain oil refineries and oil marketing companies (OMCs) regarding the adulteration of petrol. Sources claim that industrial-grade solvents, typically used in paint and rubber manufacturing, are being mixed with motor gasoline to increase profit margins.
Officials warned that such practices compromise fuel quality, pose risks to vehicle engines, and result in revenue losses to the national exchequer, as industrial solvents are exempt from the petroleum levy.
