Petrol prices in Pakistan likely to rise for next fortnight

Official rates for petroleum products will be announced by Ministry of Finance in consultation with OGRA
People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022.  — Reuters
People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022.  — Reuters

The government is expected to increase petroleum prices from February 16 for the next fortnight in Pakistan, with the hike ranging from Rs4.39 to Rs 5.40 per litre.

According to insiders, Prime Minister Shehbaz Sharif-led government will reportedly rise petrol price by Rs4.39 per litre — if approved — which will bring it to Rs257.56 per litre from the existing price Rs253.17 per litre.

Moreover, high-speed diesel (HSD) price is likely to be hike by Rs5.40 per litre from the existing Rs268.38 per litre, bringing the new rate at Rs273.78 per litre. 

However, netizens need to remember that the Oil and Gas Regulatory (OGRA) — in consultation with the Ministry of Finance and the premier — will officially announce the updated petrol prices on the night of February 15, 2026.

Petrol is used by commuters in small vehicles, rickshaws and two-wheelers, as if the petrol prices are increase then it could affect the lower- and upper-middle class households, who rely on petrol for daily travel. Moreover, transport sector relies on high-speed diesel.