Pakistanis faced another financial setback as fuel prices were increased for the second half of February 2026, adding further pressure on household budgets already strained by inflation. The latest revision raised petrol and high-speed diesel rates, intensifying concerns among commuters, transporters, and businesses dependent on fuel for daily operations nationwide.
According to an official notification issued by the Petroleum Division, petrol prices were increased by Rs5 per litre, while high-speed diesel rose sharply by Rs7.32 per litre. Authorities said the hike was implemented after reviewing global oil market trends and recommendations submitted by the Oil and Gas Regulatory Authority.
Following the revision, petrol’s ex-depot rate climbed to Rs258.17 per litre from the previous Rs253.17, reflecting an increase of roughly two percent. Meanwhile, diesel prices jumped to Rs275.70 per litre compared to Rs268.38 earlier, marking a notable rise that is expected to impact transport fares and goods delivery costs across Pakistan.
Officials explained that fluctuations in international crude oil prices and currency exchange rates remain key factors influencing local fuel adjustments. They added that fortnightly revisions are part of a pricing mechanism designed to align domestic petroleum rates with global market conditions and prevent sudden long-term shocks to national energy finances.
Despite the government maintaining zero general sales tax on petroleum products, consumers continue to pay substantial indirect charges. Authorities currently collect around Rs105 per litre on petrol and approximately Rs97 per litre on diesel through various petroleum development levies, customs duties, and other applicable charges embedded within retail prices.
Economic observers warn that repeated fuel price increases could trigger broader inflationary effects, pushing up transportation costs, food prices, and industrial expenses. They note that unless global oil markets stabilize, consumers may continue facing periodic adjustments, keeping uncertainty high for households and businesses planning monthly expenditures.
Also read: Pakistan Petrol Prices Expected To Drop This Week
