Petrol Price News Today – Latest Increase After Government Notification
The Government of Pakistan has officially increased petroleum prices for the next fortnight, effective 12:00 AM, February 16, 2026. The notification, issued by the Petroleum Division, confirms a significant upward revision in both petrol and high-speed diesel (HSD) rates.
This development comes just days before the expected start of Ramadan, raising concerns about additional inflationary pressure on households and businesses.
New Fuel Prices in Pakistan (Effective February 16–28, 2026)
According to the official notification, the revised rates are applicable from February 16 and will remain in force until February 28, 2026.
Petrol Price in Pakistan Today
- Petrol price has been increased following recommendations from the Oil and Gas Regulatory Authority.
- The adjustment reflects international crude oil price fluctuations.
Diesel Price in Pakistan Today
- High-Speed Diesel (HSD) has also seen a noticeable hike.
- Diesel prices are particularly sensitive because they directly affect transportation and supply chain costs.
The next petroleum price review is scheduled for March 1, 2026.
Why Have Petrol Prices Increased?
The Petroleum Division cited the following reasons:
1. International Market Movements
Global crude oil price changes over the past fortnight led to the upward revision.
2. OGRA Recommendations
OGRA evaluates international rates, exchange rate impact, and inland freight equalization margins before forwarding pricing summaries to the government.
3. Petroleum Levy (PL) Structure
Although General Sales Tax (GST) remains at 0%, the government continues to impose:
- Rs. 87 per litre Petroleum Levy on petrol
- Rs. 79 per litre on diesel (including Rs. 2.50 climate support levy)
These levies are a major revenue component and significantly influence retail prices.
PSO Petrol Price in Pakistan Today
Prices at retail outlets, including those operated by Pakistan State Oil, reflect the new government-notified rates. Since fuel prices are regulated, PSO stations follow the same nationwide pricing structure as other oil marketing companies.
Impact on Faisalabad and Other Industrial Cities
Faisalabad, being one of Pakistan’s largest industrial and textile hubs, may feel the impact quickly.
Diesel Hike and Transport Costs
The reported Rs. 7.32 increase in diesel is particularly critical because:
- Diesel fuels goods transport trucks.
- Higher transport costs usually translate into higher prices for:
- Vegetables
- Flour
- Fruits
- Essential grocery items
With Ramadan approaching, any increase in transportation costs could influence retail food prices.
Petrol Price Today vs 2016 Petrol Price in Pakistan
For context, petrol prices in 2016 were significantly lower compared to current levels due to:
- Lower global oil prices
- Different taxation structures
- Reduced petroleum levy components
Over the years, petroleum pricing has increasingly relied on levy adjustments rather than GST changes.
Petrol Price in Pakistan Tomorrow – What to Expect?
Petroleum prices in Pakistan are reviewed every 15 days.
- Current rates: Effective February 16–28, 2026
- Next review date: March 1, 2026
Unless there is a major shift in international oil prices or exchange rate volatility, prices will remain unchanged until the next scheduled review.
How Fuel Prices Affect Inflation
Fuel price hikes typically have a ripple effect across the economy:
- Transport fares increase
- Freight charges rise
- Wholesale markets adjust rates
- Retail food prices climb
Diesel hikes, in particular, tend to accelerate short-term inflation because most commercial transport relies on HSD.
Ramadan and Fuel Price Pressure
With Ramadan expected to begin later this week:
- Demand for food and essentials increases.
- Logistics and transport activity intensify.
- Even small fuel adjustments can magnify consumer price pressures.
Provincial governments often introduce:
- Sasta Bazaars
- Ramadan Relief Packages
- Utility Store subsidies
to counter inflationary effects during the holy month.
Quick Summary
- Petrol price in Pakistan today: Increased effective February 16, 2026
- Diesel price in Pakistan today: Also increased
- GST: 0%
- Petroleum Levy: Rs. 87/litre (petrol), Rs. 79/litre (diesel)
- Next review: March 1, 2026
- Impact: Likely increase in transport and food costs, especially before Ramadan
