Petrol price unchanged, diesel rises

February 1, 2026 (MLN): The federal government has revised petroleum product prices for the next fortnight, effective February 1, 2026.

While petrol prices have been kept unchanged, high-speed diesel (HSD) has seen a noticeable increase, adding to the cost burden on Pakistan's transport and agricultural sectors.

According to a notification issued by the Petroleum Division, the price of high-speed diesel has been raised by Rs11.30 per litre, pushing the new ex-depot rate to Rs268.38 per litre.

Meanwhile, motor spirit (petrol) remains static at Rs253.17 per litre unchanged for the third consecutive fortnight.

The revision follows recommendations from the Oil and Gas Regulatory Authority (OGRA) and shows upward movements in international crude oil benchmarks during the preceding period.

The hike marks a notable shift in trend. The government had kicked off 2026 with back-to-back reductions slashing petrol by Rs10.28 and diesel by Rs8.57 per litre on January 1 before holding both prices steady during the January 16 fortnight.

The latest diesel increase now partially offsets the earlier relief granted at the start of the year.

The diesel price hike is particularly significant for Pakistan's broader economy.

HSD is the primary fuel for trucks, buses, trains, tractors, and tube-wells the arteries of the nation's transport and agriculture sectors.

Rising diesel costs tend to feed directly into the prices of vegetables, grains, and other essential goods as they move from farms and warehouses to markets across the country.

Petrol, on the other hand, remains a relief for urban commuters.

With the price held at Rs253.17 for the third fortnight running, motorcyclists, auto-rickshaw riders, and small vehicle owners continue to benefit from the cuts declared at the start of January.

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