Petrol Prices Likely to Rise in Pakistan from 1st February Amid Fuel Price Review

Petrol prices likely to rise in Pakistan from 1st February as authorities prepare for another fuel price revision, with multiple petroleum products expected to become more expensive in early February 2026.

Market expectations suggest mixed outcomes for consumers, with petrol prices expected to remain mostly stable or see only a marginal reduction, while other widely used fuels are set for noticeable increases.

High-Speed Diesel Expected to See Sharp Increase

Industry sources indicate that high-speed diesel is expected to record the sharpest increase, raising serious concerns for the transport and agriculture sectors.

High-speed diesel is heavily used across Pakistan for goods transport, farming machinery, and public transport, meaning any rise could directly push up freight costs and inflation, eventually affecting the prices of essential goods.

Kerosene and Light Diesel Oil Also Likely to Get Costlier

Alongside diesel, light diesel oil and kerosene oil are also expected to become more expensive, adding further pressure on industries and low-income households.

Kerosene remains a crucial fuel for cooking and heating in many areas, while light diesel oil is commonly used in small industries, making the anticipated increase particularly painful for vulnerable communities.

OGRA Completes Initial Fuel Price Calculations

Officials familiar with the process said the Oil and Gas Regulatory Authority (OGRA) has completed its initial fuel price calculations based on international oil market trends and local economic indicators.

The pricing summary is expected to be forwarded to the relevant authorities by the end of January for final review and approval.

Final Fuel Prices Await Federal Approval

After federal approval, the official fuel prices will be announced, and the revised rates will apply for the first half of February 2026.

In the previous price review, the government had opted to keep petrol and diesel prices unchanged, citing domestic stability and market conditions.

Global Oil Prices and Currency Continue to Drive Fuel Costs

Analysts say that global oil price volatility and currency fluctuations continue to influence Pakistan’s fuel pricing mechanism.

They warn that even minor fuel price adjustments can have widespread effects, increasing transportation costs and daily household expenses.

Consumers are advised to remain alert as the upcoming fuel price decision could significantly impact the cost of living across the country.