Islamabad: The costs of petrol in Pakistan are more likely to attain record-high ranges as international crude oil prices proceed to rise amid the continued Iran battle and tensions within the Center East.
Sources point out that petroleum product costs might see a historic enhance within the coming days, probably reaching their highest ranges in Pakistan’s historical past.
Sources mentioned that petrol might rise to Rs. 55 per litre, whereas high-speed diesel might hit Rs. 75 per liter. The Oil and Gasoline Regulatory Authority (OGRA) will submit its working to the Petroleum Division in two days.
The ultimate determination on any worth hike will likely be made by the Prime Minister of Pakistan, Shehbaz Sharif. The federal government might select a phased enhance over two weeks slightly than a single adjustment, or preserve present costs by means of subsidies.
It needs to be famous that following the Iran battle, the federal government introduced Rs.55 per liter enhance in petrol and diesel costs on 7 March 2026, taking petrol to Rs.321.17 per liter and diesel to Rs.335.86 per litre.
Final week, OGRA additionally really useful one other worth enhance, however the authorities maintained petrol and diesel charges, whereas elevating kerosene costs to Rs.70.73 per liter and imposed Rs.200 per liter levy on high-octane gas.
Federal Minister Musadik Malik acknowledged that the federal government is at the moment offering subsidies exceeding Rs.127 per liter on petrol and Rs. 200 per liter on diesel.
