The federal government on Saturday announced an increase in petrol and diesel prices for the next fortnight, as notified by the Petroleum Division, in response to shifting global oil market conditions and regulatory review.
Under the new price structure effective March 1, 2026, the price of petrol has been raised by Rs8 per litre, taking it to Rs266.17 per litre from the previous rate of Rs258.17. Similarly, high-speed diesel (HSD) has been increased by Rs5.16 per litre, bringing its price to Rs280.86 per litre.
The Petroleum Division said the revised petroleum product prices were notified after recommendations by the Oil and Gas Regulatory Authority (OGRA), in accordance with the regular fortnightly review mechanism for fuel pricing.
Petrol is widely used by commuters, including those travelling in motorcycles, cars, rickshaws and small vehicles, and any increase in its price directly affects household travel budgets, particularly among middle and lower-income groups. High-speed diesel is predominantly used in heavy transport vehicles, buses, trucks, agricultural machinery and freight services, and its price rise is expected to have a broader inflationary impact across the economy.
Economists and industry sources say higher diesel costs are likely to push up transportation and logistics expenses, which could translate into elevated prices for essential commodities, including food items.
The most recent price adjustment follows a previous fortnightly revision announced on February 16, when petrol and diesel rates were also increased. The government reviews fuel product pricing every two weeks based on global oil rates, exchange rate fluctuations and regulatory recommendations.