ISLAMABAD: Fuel prices in Pakistan are on the brink of a significant hike, with petrol and other petroleum products expected to become more expensive starting March 1, 2026. The anticipated increase could see petrol prices rising by Rs4.58 per litre, while high-speed diesel is likely to go up by Rs4.73 per litre. This adjustment comes as part of the government’s routine review of fuel costs, aimed at reflecting changes in international oil markets and domestic economic factors.
In addition to petrol and diesel, kerosene oil is projected to experience the steepest increase, potentially rising by Rs6.88 per litre. Light diesel oil prices are also expected to climb, with an estimated Rs5 per litre increase. These changes are part of a broader pricing revision process that has been underway for several weeks, involving careful analysis of global crude oil trends and their impact on Pakistan’s fuel import costs.
The Oil and Gas Regulatory Authority (OGRA) has completed its preliminary evaluation and is set to submit its formal recommendations to the Petroleum Division imminently. Following this, the final decision will rest with Prime Minister Shehbaz Sharif, whose approval is necessary before the new prices are officially announced. Once sanctioned, the revised rates will take effect from March 1 and remain valid until March 15, 2026, aligning with the government’s policy of reviewing fuel prices on a fortnightly basis.
This pricing mechanism is designed to maintain a delicate balance between easing the financial burden on consumers and meeting the fiscal needs of the government. Officials have emphasized that the latest revision reflects a comprehensive assessment of both international fuel price fluctuations and domestic market dynamics observed over the past two weeks. Such adjustments are crucial for ensuring the sustainability of Pakistan’s energy sector amid volatile global oil markets.
Meanwhile, concerns have been raised regarding fuel quality in the local market. Recent allegations have surfaced accusing oil refineries and oil marketing companies (OMCs) in Pakistan of adulterating petrol by mixing industrial solvents into petroleum products. This malpractice reportedly involves blending substances originally meant for industrial applications, such as those used in paint and rubber manufacturing, with motor gasoline. The motive behind this unethical practice appears to be maximizing profit margins at the expense of fuel quality and consumer safety.
Experts warn that this adulteration not only compromises the performance and reliability of vehicles but also results in significant revenue losses for the government. Since these industrial solvents are exempt from the petroleum levy, their inclusion in fuel products reduces the overall tax collection, further straining the national exchequer. The allegations have prompted calls for stricter monitoring and enforcement to protect consumers and uphold industry standards.
