Islamabad – Petroleum product prices in Pakistan are expected to see mixed changes starting February 1, 2026, as the Oil and Gas Regulatory Authority (OGRA) has wrapped up its review and sent recommendations to the Petroleum Division.
Sources familiar with the process say the summary outlines notable increases for most fuels, driven by shifts in global oil rates and rupee-dollar movements. The Petroleum Division is set to release the official notification on January 31 after Prime Minister Shehbaz Sharif reviews and approves the adjustments.
Key expected changes (based on initial calculations):
- High-speed diesel (HSD): Up by around Rs9.47 per litre
- Light diesel oil (LDO): Up by around Rs6.95 per litre
- Kerosene oil: Up by around Rs3.69 per litre
- Petrol (motor spirit): Down by about Rs0.36 per litre or possibly unchanged
Current prices (effective since January 1 and unchanged in mid-January) stand at Rs253.17 per litre for petrol and Rs257.08 per litre for high-speed diesel, according to recent government notifications.
The fortnightly pricing mechanism takes into account international crude oil trends, freight costs, and exchange rates. Officials note that the proposals reflect recent market conditions, though the final figures could see minor tweaks.
Economic ripple effects
Analysts point out that a sharp rise in diesel – widely used for public transport, trucks, and farming – could push up goods transport costs quickly. This may feed into higher food prices and add pressure on overall inflation.
Petrol users, including private vehicle owners and motorbike riders, might see little change or minor savings. However, the net impact on household budgets remains a concern for many, given diesel’s broader role in the economy.
Also Read: Get Your Suzuki Alto with 0% Markup Deal from UBL
The government has not yet commented officially on the proposals. Any final decision will be announced soon, with new rates taking effect across fuel stations nationwide from the start of February.
