Maps
Magazine

TRADE & ECONOMY

Petroleum Prices Likely to Rise Sharply From March 1, OGRA Recommends
OGRA recommends a petrol hike of Rs 4.58/litre, diesel up Rs 4.73, kerosene Rs 6.88, and light diesel oil Rs 5/litre from March 1. Experts warn it may worsen inflation and affect essentials.
ND
by News Desk
2026-02-28
Petroleum Prices Likely to Rise Sharply From March 1, OGRA Recommends

Following a summary prepared by the Oil and Gas Regulatory Authority (OGRA), Pakistan is expected to see a significant increase in petroleum product prices, likely to be implemented from March 1.

According to media reports, the regulatory body has proposed price adjustments aimed at reflecting fluctuations in global crude oil and the US dollar. The summary has been sent to the government, which will make the final decision on implementation.

Sources indicate that the proposed price increases are as follows:

·       Petrol: +Rs 4.58 per litre

·       High-speed diesel: +Rs 4.73 per litre

·       Kerosene: +Rs 6.88 per litre

·       Light diesel oil: +Rs 5 per litre

Economic experts have warned that the proposed hikes may further fuel inflation, potentially impacting essential commodities, transportation costs, and other sectors, adding to the financial burden on the public. Citizens have urged the government to provide relief measures in light of rising costs of living.

While OGRA’s recommendations reflect global market conditions, final approval lies with the government, which will announce the official prices after reviewing the proposals.

The potential increase underscores growing concerns over inflation and its cascading effects on Pakistan’s economy, particularly for lower- and middle-income households.
Tagged:

Pakistan

inflation

OGRA

PetrolPrices

DieselPrices
Share News: