As of February 28, 2026, the government of Pakistan has officially announced an increase in petroleum prices, with petrol rising by 8 PKR per liter and high-speed diesel by 5.16 PKR per liter. Following this adjustment, the new price for petrol will be 266.17 PKR per liter, while diesel will be priced at 280.86 PKR per liter. The price hikes are set to take effect from midnight, raising concerns among citizens regarding the potential impact on transportation and essential goods. Economic experts have noted that fluctuations in global oil prices are influencing local market conditions, exacerbating inflationary pressures in the country.
BUSINESS
Pakistan Government Increases Petroleum Prices Amid Inflation Concerns
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Pakistan raises petrol prices by 8 PKR and diesel by 5.16 PKR, amid inflation concerns. Meanwhile, foreign exchange reserves increase, hinting at potential economic stability despite rising fuel co...
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