Fuel prices likely to rise from Feb 1 amid inflation pressures

ISLAMABAD:

Pakistan is likely to raise the prices of several petroleum products from February 1, while a slight reduction in petrol prices is also expected, according to official sources.

The price of high-speed diesel may increase by Rs9.47 per litre, while kerosene oil is expected to rise by Rs3.69 per litre. Light diesel oil prices could increase by Rs6.95 per litre, sources said.

In contrast, petrol prices are likely to be reduced by 36 paisas per litre.

The Oil and Gas Regulatory Authority (Ogra) has completed its working on the proposed price adjustments. A summary is expected to be sent to the Petroleum Division on Thursday.

The Petroleum Division will issue a notification on the revised prices on January 31 after consultations with the prime minister, according to the sources.

Any changes would come into effect from February 1.

Read: Petrol, diesel prices to remain unchanged for next fortnight

On January 15, the federal government kept the prices of petroleum products unchanged.

A press release from the Petroleum Division said the price of petrol would continue at Rs253.17 per litre, while high-speed diesel (HSD) would remain at Rs257.08 per litre, effective from January 16.

Read more: Govt rings in New Year with Rs10.28 per litre petrol cut

Earlier on December 31, 2025, the government announced a reduction in the prices of petroleum products. The price of petrol was reduced by Rs10.28 per litre, bringing the new price to Rs253.17 per litre.

Additionally, the price of high-speed diesel (HSD) was slashed by Rs8.57 per litre, with the new price set at Rs257.08 per litre.