Petroleum Prices Likely to Increase
Pakistan is preparing for a change in petroleum product prices starting February 1, 2026. The Oil and Gas Regulatory Authority (OGRA) has completed its review and submitted recommendations to the Petroleum Division. While diesel and kerosene prices are expected to rise, petrol may remain stable or slightly decrease. These adjustments reflect global oil trends and currency fluctuations, directly impacting transport, household expenses, and inflation across the country.
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| Fuel Type | Expected Price Change (Rs per litre) |
|---|---|
| High-Speed Diesel | +9.47 |
| Light Diesel Oil | +6.95 |
| Kerosene Oil | +3.69 |
| Petrol | -0.36 / Unchanged |
| Jet Fuel | TBD |
| Furnace Oil | TBD |
| LPG Cylinder | TBD |
| Official Notification | Jan 31, 2026 |
Reasons Behind the Petroleum Price Change
- Global Market Trends: Oil prices are influenced by global supply-demand dynamics, OPEC decisions, and geopolitical tensions.
- Dollar Exchange Rate: Pakistan imports most petroleum products; a stronger dollar increases import costs.
- Inflation Adjustment: The government occasionally adjusts fuel prices to maintain fiscal balance while managing inflation.
- OGRA Review: OGRA monitors price fluctuations and recommends adjustments based on real-time market data and analysis from top sources and official portals.
Expected Impact on Diesel Prices
High-speed diesel is projected to rise by Rs. 9.47 per litre, and light diesel by Rs. 6.95 per litre. This increase will:
- Raise transportation costs for goods and public transport.
- Increase freight charges, affecting supply chains.
- Contribute indirectly to rising food and essential item prices.
Kerosene Oil Price Effects
Kerosene, mainly used by low-income households for cooking and heating, may see a Rs. 3.69 per litre increase. Consequences include:
- Higher household energy costs in rural and low-income areas.
- Greater financial burden on families relying on kerosene as a primary energy source.
- Potential shift to alternative fuels if prices continue to rise.
Petrol Prices May Stay Stable
Petrol prices are expected to decrease slightly by Rs. 0.36 per litre or remain unchanged. While consumers may welcome a minor relief, experts say:
- The reduction is not significant enough to offset rising diesel and kerosene costs.
- Petrol-dependent sectors may see limited economic relief.
- The overall impact on inflation will remain minimal.
Step-by-Step: How Price Changes Are Finalized
- OGRA completes a price adjustment summary.
- Recommendations are submitted to the Petroleum Division.
- Federal government reviews the report with the Prime Minister.
- Official notification is issued, usually one day before implementation.
- New prices take effect at all petrol pumps across Pakistan from February 1.
Helpline & Contact Information
For any queries regarding fuel prices or petrol pump rates:
- Petroleum Division: +92-51-920-5000
- OGRA Helpline: 051-920-3500
- Official Website: https://www.ogra.org.pk
- Citizens can also contact local fuel distributors for real-time pricing updates.
Impact on Daily Life and Inflation
Frequent fuel price changes have a direct impact on the cost of living:
- Increased diesel prices affect transport, food delivery, and commuting costs.
- Household expenses rise due to kerosene price hikes.
- Inflationary pressure grows as transport and supply chain costs increase.
- Consumers must budget carefully to accommodate fluctuating fuel costs.
Conclusion
Petroleum prices in Pakistan are likely to rise from February 1, 2026. Diesel and kerosene are expected to become more expensive, while petrol may see minor reductions or remain unchanged. The government will finalize prices through the Petroleum Division, with an official notification expected on January 31. Citizens should prepare for higher transport and household energy expenses, as these changes will influence overall inflation and daily costs.
FAQs
When will the new petroleum prices take effect?
New prices are expected to come into effect on February 1, 2026, following the official notification on January 31.
How much will diesel prices increase?
High-speed diesel may rise by Rs. 9.47 per litre, and light diesel oil by Rs. 6.95 per litre.
Will petrol prices increase as well?
Petrol prices may decrease slightly by Rs. 0.36 per litre or remain unchanged, offering limited relief.
Where can I check official fuel prices?
Official fuel prices will be available on the OGRA website https://www.ogra.org.pk and local petrol pump notices.