Islamabad (January 30, 2026) — The Government of Pakistan is preparing to revise petroleum product prices effective February 1, 2026, with diesel and kerosene expected to see significant increases, according to officials and industry sources. The move comes amid rising global oil prices, currency fluctuations, and ongoing inflationary pressures affecting the national economy.
The revised prices are being finalized under the fortnightly petroleum pricing mechanism in consultation with the Oil and Gas Regulatory Authority and the Petroleum Division. Officials said a summary of proposed adjustments has been prepared and will be presented to the prime minister for final approval before an official notification is issued later on Friday.
Preliminary estimates suggest that high-speed diesel may rise by around Rs9.47 per litre, while kerosene oil could increase by nearly Rs3.69 per litre and light diesel oil by about Rs6.95 per litre. Petrol prices, however, are expected to remain largely unchanged or see a marginal reduction, depending on final calculations based on international market trends.
The expected increase in diesel and kerosene prices is likely to place additional pressure on transport operators, farmers, and small businesses, as these fuels are widely used in freight movement, agricultural machinery, and public transport. Economists warn that higher fuel costs often lead to an increase in the prices of essential goods, further burdening consumers.
Government officials said the final prices will reflect movements in global crude oil markets, changes in the exchange rate, and domestic supply conditions. They added that efforts are being made to minimize the impact on low-income households, although fiscal constraints limit the scope for subsidies.
The new fuel prices will take effect from midnight on February 1 and will remain in force until February 15, 2026, as part of the government’s regular pricing cycle. The adjustment comes at a time when Pakistan continues to face economic challenges linked to energy costs and inflation.
Originally Published By: The Express Tribune and Dunya News
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