Petrol Prices Increased By Rs 8 Per Litre
Islamabad: Amid goluf tension that may lead to further hike in oil prices, the government on Saturday hiked the price of petrol by Rs8 per litre effective from March 1, 2026.
It also raised the price of diesel by Rs5.16 per litre for the next fortnight up to March 15.
As the international markets have inched upwards, the government has increased the prices based on the calculations made by Oil and Gas Regulatory Authority (Ogra).
The new per litre price of petrol is Rs280.86 and Rs 266.17 for diesel, however despite the war in the Middle East region the oil industry on Saturday assured the government that Pakistan holds ample stocks of crude oil and petroleum products and there is no immediate risk of supply disruption despite the evolving security situation in the Gulf region.
Sources in the Oil Companies Advisory Committee (OCAC) said that the key fuel for the both civil and military aviation sector was the Jet fuels and that stock too has been maintained above the normal level mainly by Pakistan Air Force and the army aviation.
The petroleum division in a statement said that the government had increased the prices of petroleum products follwong the recommendations of the oil and gas regulatory authority (Ogra).
The high speed diesel is used in the agriculture and transport sectors. The increase in its price will also result in more inflation in the country.
Petrol is used in the motorbikes and cars and its consumption has been almost double due to ban of use of indigenous gas in CNG sector especially in Punjab province.
The oil marketing companies (OMCs) have registered a sale of petrol and diesel over 1 million tonnes during the month of February 2026.
The sale of petrol stood at 588000 metric tons whereas the diesel sale amounted to 476000 metric tonnes during the month of February.
The daily sale volume of petrol stood at 21000 metric tonness and High Speed Diesel (HSD) 17000 metric tonnes per day.
The sale of petrol stood at 641,000 tonnes, which was up 3% year-on-year and 2% month-on-month during the month of January 2026.
Read More: Ample Oil Stocks Available Amid Security Situation in Gulf Region
The sale of High-speed diesel sales had recorded 664,000 tonnes, which was an 11% annual increase whereas it was a 20% monthly rise as freight and agriculture demand improved.
Analysts say that lower fuel projects and post-strike recovery had lifted Pakistan’s petroleum sales to 1.52m tonnes in January, which were up 10% year-on-year and 12% month-on-month, industry data showed.
They further said that country had also witnessed a record production of cars during the previous months which had also lifted demand of petrol in the country.
Pakistan’s petroleum product sales had climbed to 1.52m tonnes in January 2026, which rebounded from December’s nationwide strike, reflecting lower pump prices that spurred transport and industrial demand.
Sale volumes had jumped up 10% from a year earlier and 12% from December, according to industry figures compiled from oil marketing company disclosures.
Cumulative sales during July–January FY26 had also touched 9.7 million tonnes, which were up 3% from 9.4 million tonnes in the same period last year.
Due to the same reason and worrisome stock position the Liquified Petroleum Gas (LPG) market has witnessed a rise in the country as dealers fear crises in Afghanistan and Iran could create supply shortage in Pakistan.
“The government storage is around 13,000 tonnes but the demand was up to 6,000 tonnes daily and the government has to hold an emergency meeting over this too, “ said Irfan Khokhar, chairman LPG industry association.