Petrol prices in Pakistan are likely to increase from February 16, 2026, government sources indicated on Friday. The move comes as global crude oil rates remain high and adjustments to taxes and levies are under review.
Officials said the potential price rise will affect both urban and rural consumers across the country. Meanwhile, motorists and transporters are preparing for the impact on travel costs.
Background and Context
Pakistan reviews petroleum product prices every fortnight based on international oil rates, exchange rates, and local taxes. As a result, changes in global markets directly influence domestic fuel costs.
In recent weeks, crude oil prices have shown an upward trend, increasing pressure on import bills. Additionally, the Pakistani rupee has remained under pressure against the US dollar, pushing up fuel costs further.
Petrol price revisions are typically announced by the Ministry of Energy (Petroleum Division) shortly before implementation.
Petrol Prices Pakistan February 2026: Key Drivers
According to analysts, several factors may contribute to the impending increase:
- Rising global crude oil prices
- Exchange rate volatility between PKR and USD
- Potential adjustments in petroleum development levy (PDL) and taxes
Additionally, increased demand during the post-winter season could support higher prices.
Officials have not yet confirmed the exact new price per litre. However, market watchers expect the figure to be noticeably higher than current rates.
Government Preparation and Response
Energy officials are reviewing data and consulting with finance authorities ahead of the announcement. They indicated that any increase aims to reflect market realities and maintain supply continuity.
Meanwhile, government representatives urged citizens to plan their fuel use responsibly. They also noted that the authority continues to monitor oil market trends.
Public and Economic Impact
An increase in petrol prices may directly affect transportation costs, goods movement, and household budgets. Business owners, particularly in logistics and transport sectors, have expressed concern about rising operational expenditures.
Economists said higher fuel costs could contribute to inflationary trends, affecting food and commodity prices. However, some also highlighted the need to align domestic prices with global benchmarks.
What Happens Next?
Officials are expected to formally announce the new petrol prices in the coming days. Once confirmed, the updated rates will take effect from February 16, 2026.
Consumers and industry stakeholders will closely watch the official notification for precise figures and detailed policy explanations.
Conclusion
Petrol prices in Pakistan are likely to increase from February 16, 2026, amid rising global oil rates and local cost pressures. The change is expected to impact transport costs, household expenses, and the broader economy.
Authorities say they are monitoring market conditions closely and will issue final price details soon.
For the latest updates on this developing story, stay tuned to Faiz.tv.
