Fuel prices in Pakistan have increased sharply during the past one and a half months after several upward revisions in petroleum products were introduced by the government since January 31.
Official data shows the government has raised petroleum prices four times since January 31, with the price of high-speed diesel increasing by Rs78.78 per litre during this period.
Petrol prices have also climbed considerably over the same period, rising by Rs68 per litre as part of the repeated adjustments made to petroleum product rates.
The biggest increase has been recorded in kerosene oil, whose price has surged by Rs147.93 per litre since January 31, marking the steepest rise among major petroleum products.
On January 31, high-speed diesel was priced at Rs257.08 per litre, but after several increases it has now reached Rs335.86 per litre according to official figures.
Petrol was selling at Rs253.17 per litre on January 31 and has now increased to Rs321.17 per litre, while kerosene oil rose from Rs170.88 to Rs318.81.
Fuel Price Changes Since January 31
| Petroleum Product | Price on Jan 31 (PKR/Litre) | Current Price (PKR/Litre) | Increase (PKR/Litre) |
|---|---|---|---|
| High-Speed Diesel | 257.08 | 335.86 | +78.78 |
| Petrol | 253.17 | 321.17 | +68.00 |
| Kerosene Oil | 170.88 | 318.81 | +147.93 |
Recent Fuel Price Hike
Last week, the government of Pakistan announced a major increase of Rs55 per litre in petrol and high speed diesel prices, saying the decision followed rising oil prices in global markets.
Ali Pervaiz Malik confirmed the decision during a press conference in Islamabad, where he appeared alongside senior cabinet members and other key economic officials.
Officials said the government reviewed recent developments in international energy markets and examined their possible impact on Pakistan’s fuel supply and the country’s overall economic stability.
Authorities described the increase as a difficult but necessary decision aimed at dealing with rising global petroleum costs and protecting fuel supplies during a period of uncertainty in international markets.
Fuel Shipments Amid Rising Prices
Petroleum Minister Ali Pervaiz Malik said three oil shipments are expected to arrive on Monday, as authorities prepare for potential fuel shortages amid rising global prices and Gulf tensions.
The government increased petrol and diesel prices by Rs55 per litre last week, citing disruptions in energy supply caused by Middle East conflicts affecting the Strait of Hormuz and international oil markets.
Officials are exploring fuel conservation measures while seeking assistance from Saudi Arabia to secure oil through the Red Sea route, as the Strait of Hormuz remains closed to global trade shipments.
A federal delegation, led by Finance Minister Muhammad Aurangzeb with Malik, met Sindh Chief Minister Murad Ali Shah to coordinate fuel management and discuss strategies for preventing shortages across provinces.
The government also plans a joint dashboard to monitor fuel reserves and prevent hoarding, while preparing contingency plans for financial pressures if global oil prices continue to rise sharply in coming weeks.
