Petrol and diesel prices in Pakistan are expected to rise significantly before the next official fuel price review, as global oil markets remain unstable due to tensions in the Middle East and supply concerns.
Recent reports show that Brent crude and diesel futures have climbed sharply, which typically translates into higher domestic prices when local rates are updated every fortnight.
On March 1, the government increased the price of petrol by Rs 8 per litre and diesel by Rs 5.16 per litre for the current pricing period, pushing petrol to about Rs 266.17 per litre and high‑speed diesel to around Rs 280.86 per litre.
These adjustments reflect higher import costs as global benchmarks rise amid supply risks connected to the closure of key shipping routes, including the Strait of Hormuz.
Pakistan State Oil (PSO) is taking steps to secure fuel supplies. The company has floated tenders for petrol and diesel sourced outside the Gulf region and is also exploring alternative shipments through the Red Sea, including possible imports from Saudi Arabia.
Analysts have warned that petrol prices might rise by another Rs 20 per litre, while diesel could go up by Rs 45–50 per litre, based on the latest risk assessments and import cost pressures. The authorities claim that there are around 500,000 tons of petrol and diesel left.
These potential hikes come at a time when Pakistan already depends heavily on imported fuel, which can strain household budgets and add to inflation.
Rising petrol and diesel costs directly affect transport, logistics, and the price of goods, making everyday expenses higher for consumers.
As authorities consider new pricing mechanisms and possible weekly reviews to better reflect global trends, many Pakistanis are preparing for higher fuel costs in the coming weeks.
Petrol and Diesel Price (Current Rates):
| Fuel Type | Price (PKR per litre) |
|---|---|
| Petrol | ~Rs 266.17 |
| High‑Speed Diesel | ~Rs 280.86 |
