Pakistan Fuel Prices Expected To Rise By Pkr 7 Per Liter

As of February 26, 2026, Pakistan is poised to increase fuel prices by up to PKR 7 per liter, effective March 1. The expected adjustments, as reported by Nukta Pakistan, indicate a rise of PKR 6.73 for petrol, bringing its price to PKR 264.9 per liter, and PKR 6.13 for high-speed diesel, which would increase to PKR 281.83 per liter. These changes are part of the government's bi-weekly price revision strategy, which aligns with fluctuations in global oil prices. The Oil and Gas Regulatory Authority (OGRA) is set to submit its recommendations to Prime Minister Shehbaz Sharif, who will approve the new prices. This price hike comes amid significant growth in petroleum development levy (PDL) collections, which reached PKR 823 billion in the first half of FY 2025-26, a substantial increase from PKR 372 billion in the previous quarter and nearly 50% higher than the same period last year. Analysts predict that total PDL collections could exceed PKR 1,450 billion for the fiscal year, indicating a robust revenue stream for the federal government.