The federal government has kept petrol prices unchanged while increasing the price of high-speed diesel (HSD) by Rs 11.30 per litre in its fortnightly petroleum price review for February.
Following the revision, diesel now costs Rs 268.38 per litre. Petrol will continue to sell at Rs 253.17 per litre throughout February, according to an official notification.
The Petroleum Division said authorities reviewed international oil trends, domestic supply conditions, and demand patterns before finalising the rates.
Officials stated that petrol prices remained stable due to market considerations, while diesel prices required adjustment. The revised rates took effect immediately and will remain in force for the next 15 days, subject to the next scheduled review.
Context From Previous Fortnight
During the previous pricing cycle from January 16 to January 31, the government had kept both petrol and diesel prices unchanged. Under those rates, petrol stood at Rs 253.17 per litre, while high-speed diesel sold at Rs 257.08 per litre.
Officials said the February diesel hike reflects updated cost assessments over the latest review period.
Ahead of the January review, analysts had expected fuel prices to decline. Estimates suggested petrol could drop by up to Rs 4.59 per litre, while diesel might fall by Rs 2.70.
Read: PM Shehbaz Announces Rs4.40 Power Tariff Cut for Industry
Sources also projected reductions in kerosene oil and light diesel oil. However, those anticipated cuts did not materialise, despite officials confirming that preparatory work for a downward revision had taken place.
Petroleum Levy Outlook and IMF Commitments
Separately, Pakistan submitted its five-year petroleum levy projections to the International Monetary Fund on December 18, 2025.
According to the documents, petroleum levy collections are expected to rise steadily. The government projects collections of Rs 1,468 billion in the current fiscal year, increasing to Rs 1,638 billion next year. Estimates then rise to Rs 1,787 billion in 2027–28, Rs 1,989 billion in 2028–29, and Rs 2,212 billion in 2029–30.
Historical data shows levy collections of Rs 1,220 billion last year, Rs 1,019 billion in 2023–24, and Rs 580 billion in 2022–23.
Currently, petrol carries a levy of Rs 79.62 per litre, while high-speed diesel is subject to a levy of Rs 75.41 per litre. A separate climate support levy of Rs 2.50 per litre applies to both fuels from July 1, 2026.
Officials reiterated that petroleum prices in Pakistan are reviewed fortnightly to balance consumer relief with fiscal needs.
