The Government of Pakistan has announced an increase in petroleum prices for the next fortnight starting March 1, 2026.
The decision was made on the recommendations of the Oil and Gas Regulatory Authority (OGRA), according to a press release issued by the Ministry of Energy (Petroleum Division).
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Under the revised rates, the price of Motor Spirit (petrol) has been increased by Rs8.00 per litre. The new petrol price will be Rs266.17 per litre, up from Rs258.17.
Similarly, the price of High-Speed Diesel (HSD) has been raised by Rs5.16 per litre. The new diesel rate will be Rs280.86 per litre compared to the previous price of Rs275.70.
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The new prices will come into effect from March 1, 2026, and will remain applicable for the next 15 days.
Why Petrol Prices Increased
Petroleum prices in Pakistan are reviewed every fortnight. The government adjusts prices based on international oil market trends, exchange rate fluctuations, tax policies and regional tension. OGRA reviews the data and submits its recommendations to the government for final approval.
An increase in global crude oil prices and changes in import costs are often key reasons behind such adjustments.
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Impact on Public
The rise in petrol and diesel prices is likely to increase transportation costs across the country. Diesel is widely used in public transport, agriculture, and goods transportation, which may lead to higher prices of essential commodities.
Consumers are advised to check updated fuel rates before refueling from March 1.
