ISLAMABAD: The prices of petrol and other petroleum products in Pakistan are anticipated to see a significant hike beginning March 1, 2026. The increase could be as much as Rs6.88 per litre, reflecting adjustments made after a comprehensive assessment of recent market conditions. This development comes as the government prepares to revise fuel rates in response to fluctuating global oil prices and domestic economic factors.
Specifically, petrol prices are expected to climb by Rs4.58 per litre, while high-speed diesel will likely rise by Rs4.73 per litre. Kerosene oil, a widely used fuel for domestic and industrial purposes, may experience the steepest increase at Rs6.88 per litre. Additionally, light diesel oil is projected to become costlier by Rs5 per litre. These adjustments are part of a routine price review process conducted every two weeks to ensure that fuel costs remain aligned with international trends and local market realities.
Officials involved in the pricing process have confirmed that the preliminary groundwork for this revision has been completed. The Oil and Gas Regulatory Authority (OGRA) is expected to submit its formal recommendations to the Petroleum Division by Saturday. Following this, the final decision will rest with Prime Minister Shehbaz Sharif, whose approval is necessary before the new prices are officially announced and implemented nationwide. If ratified, the revised rates will be effective from March 1 through March 15, 2026.
The rationale behind these price adjustments includes a detailed analysis of global petroleum price movements, domestic fuel consumption patterns, and the overall economic environment over the past fortnight. Authorities emphasize the need to balance consumer affordability with the fiscal demands placed on the government, highlighting the delicate nature of fuel pricing in Pakistan’s economy.
Meanwhile, concerns have been raised regarding the quality of petroleum products in the local market. Recent allegations have surfaced accusing oil refineries and oil marketing companies (OMCs) of adulterating petrol by mixing industrial solvents into the fuel. This malpractice reportedly involves blending substances originally intended for industrial applications, such as those used in the paint and rubber sectors, with motor gasoline. Such actions not only degrade fuel quality but also pose serious risks to consumer safety and vehicle performance.
Moreover, this adulteration practice has financial implications for the government. Since industrial solvents are exempt from the petroleum levy (PL), their unauthorized inclusion in fuel products results in substantial revenue losses. These developments have sparked calls for stricter regulatory oversight to protect consumers and ensure the integrity of petroleum supplies across Pakistan.
