Expected Fuel Prices: Petrol May Dip Again, Diesel to Surge by Rs. 9

Ahead of the fortnightly petroleum price review, industry and government sources indicate that fuel prices in Pakistan are poised for significant changes beginning February 1, 2026  with a mixed impact for motorists and transport sectors.  

As per the latest working paper prepared by the Oil and Gas Regulatory Authority (OGRA), petrol prices are expected to be marginally reduced by about 36 paise per litre offering a slight relief to private vehicle users. Meanwhile, prices for other key petroleum products are projected to rise noticeably. 

Expected Fuel Price Movements 

What This Means for Consumers

• Petrol users may see a very small drop in cost per litre,  a rare piece of good news amidst ongoing inflation pressures.  
• Diesel consumers, including commercial transport and logistics sectors, are likely to feel the impact sharply as diesel prices jump significantly. This could translate into higher transport and freight costs, and eventually, higher prices for goods and services reliant on road transport.  
• Kerosene and light diesel oil users often lower-income households and small businesses  will also bear higher energy costs.  

Previous Review

In the last pricing cycle on January 16, 2026, analysts predicted a petrol hike based on global oil market trends. However, contrary to expectations, the government kept all fuel prices unchanged, citing stability in exchange rates and a temporary dip in global oil prices.

Read: Petrol Prices Remain Unchanged Despite Hike Forecast

This context makes the upcoming Rs 0.36 per litre decrease feel like a continuation of price management efforts though the reduction remains negligible for the average consumer.

What’s Driving These Changes?

These adjustments reflect the interplay of international crude oil prices, PKR-USD exchange rates, and fiscal policies. Government officials confirm that final rates are set after consultation between OGRA, the Petroleum Division, and the Prime Minister’s Office.

This is part of Pakistan’s 15-day pricing review cycle, which aims to align domestic petroleum prices with international benchmarks.

What’s Next?

All eyes are on today, when the Petroleum Division formally announces the new prices following OGRA’s recommendation. Motorists and businesses alike are advised to prepare for these changes, with diesel users in particular bracing for tighter budgets.  

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