Petroleum prices in Pakistan are expected to increase from March 1 due to rising international oil rates, as reported by local media.
According to initial estimates, the price of petrol may increase by Rs4.58 per litre, while high-speed diesel (HSD) is likely to go up by Rs4.73 per litre.
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Kerosene prices are expected to rise by Rs6.88 per litre, and light diesel oil may increase by Rs5 per litre.
In the previous fortnightly review on February 15, the government had already raised petrol prices by Rs5 per litre and diesel by Rs7.32 per litre. After that increase, petrol is currently priced at Rs258.17 per litre, while diesel stands at Rs275.7 per litre.
Why Are Fuel Prices Increasing?
The expected increase comes as global oil prices jumped nearly 3% on Friday. Brent crude rose to $72.84 per barrel, while US West Texas Intermediate (WTI) crude climbed to $67.54 per barrel — their highest levels in several months.
Petrol Prices increase across Pakistan
Market analysts said uncertainty surrounding nuclear talks between the United States and Iran has pushed prices higher. Concerns over possible supply disruptions and geopolitical tensions in the Middle East have added pressure on global oil markets.
Oil prices briefly surged during talks in Geneva after reports suggested discussions had stalled. However, prices eased slightly after mediators indicated progress in negotiations.
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Pakistan reviews petroleum prices every two weeks based on global oil trends and exchange rate fluctuations.
Any increase in international crude prices directly impacts domestic fuel rates, affecting transportation costs, inflation, and overall economic activity.
The final decision on new petroleum prices will be announced by the federal government before March 1.
