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Petrol, Diesel Prices Likely to Rise by Up to Rs6.55 Per Litre from Feb 16
Petroleum prices expected to rise from Feb 16: petrol may go up by Rs4.39/litre, diesel by Rs5.40. OGRA to send summary for PM Shehbaz Sharif’s approval.
ND
by News Desk
2026-02-14
Petrol, Diesel Prices Likely to Rise by Up to Rs6.55 Per Litre from Feb 16

Petroleum product prices are expected to increase by up to Rs6.55 per litre from February 16, according to sources familiar with the pricing review process.

Under the proposed revision, the price of petrol may rise by Rs4.39 per litre, while high-speed diesel (HSD) is likely to increase by Rs5.40 per litre.

Kerosene oil is expected to see a hike of Rs4 per litre, and light diesel oil may increase by as much as Rs6.55 per litre.

Sources said the working on revised petroleum prices has been completed. The Oil and Gas Regulatory Authority (OGRA) will forward a summary of the proposed adjustments to the Petroleum Division.

Following approval from Prime Minister Shehbaz Sharif, the Petroleum Division is expected to issue an official notification announcing the new rates. If approved, the revised prices will take effect from February 16.

Previous Adjustments

On January 31, the federal government increased the price of high-speed diesel by Rs11.30 per litre for a fortnight, while keeping the petrol price unchanged.

According to a notification issued by the Ministry of Finance, the price of HSD was raised from Rs257.08 to Rs268.38 per litre, while petrol remained at Rs253.17 per litre. The revised rates took effect from February 1 and were set to remain in force for 15 days.

Earlier, on January 15, the government had maintained petroleum prices at existing levels. A press release from the Petroleum Division stated that petrol would remain at Rs253.17 per litre and HSD at Rs257.08 per litre, effective January 16.

Before that, on December 31, 2025, the government had announced a reduction in fuel prices. Petrol prices were cut by Rs10.28 per litre to Rs253.17, while HSD was reduced by Rs8.57 per litre to Rs257.08.

The anticipated hike, if implemented, may have a direct impact on transportation costs and inflation, as fuel prices play a critical role in determining overall commodity rates across the country.
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