The increase in petrol and diesel prices in Pakistan took effect on February 16, as the federal government announced higher fuel rates for the next fortnight. Petrol prices have risen by Rs5 per litre, while high-speed diesel has been increased by Rs7.32 per litre.
According to a notification from the Petroleum Division, the revised rates will remain in effect for the next 15 days.
After the latest revision, petrol now costs Rs258.17 per litre, up from Rs253.17. Meanwhile, the price of high-speed diesel has climbed to Rs275.70 per litre from Rs268.38.
Pakistan Petrol and Diesel Prices Increase from February 16
This adjustment follows the previous review, in which the government raised the price of high-speed diesel by Rs11.30 per litre while keeping petrol prices unchanged for 15 days. The regular fortnightly review system determines domestic fuel prices.
Petrol is widely used by commuters, especially those who rely on small cars, motorcycles, and rickshaws for daily travel. As a result, any increase directly affects middle- and lower-middle-class households.
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On the other hand, high-speed diesel plays a crucial role in the transport and agricultural sectors. Heavy goods vehicles, buses, trucks, and trains largely depend on diesel. Agricultural machinery such as tractors, tube wells, and threshers also operate on this fuel.
Because of its broad industrial and transport use, diesel is often considered inflationary. Higher diesel prices can raise transportation costs, which may contribute to increased prices of vegetables and other essential food items.
The government’s fuel price revisions are closely watched due to their impact on household budgets and business expenses.
