Petrol prices in Pakistan are expected to rise by around Rs10 per litre in the upcoming fortnightly review, driven by changing trends in the global oil market.
According to working estimates as of June 10, 2026, petrol prices may increase by Rs10.24 per litre, while High-Speed Diesel (HSD) is likely to become cheaper by Rs19.10 per litre due to declining international diesel prices.
The expected increase in petrol prices is attributed to higher global premiums and rising import costs. Although the cost and freight (CnF) value of petrol decreased slightly by $1.06 per barrel, a sharp increase of $4.70 per barrel in import premiums pushed the overall Free on Board (FOB) price from $123.01 to $126.65 per barrel.
As a result, the local base cost of petrol has increased by Rs6.32 per litre, while customs duties are also projected to rise by Rs3.79 per litre. The ex-refinery price calculation indicates a net increase of Rs10.24 per litre.
Currently, petrol is being sold at Rs377.78 per litre. If the government does not offset the increase by reducing the petroleum levy, retail petrol prices could surpass Rs385 per litre in the next pricing adjustment.
Earlier, the government increased the tax on petrol by Rs24.74 per litre. The petroleum levy increased from Rs91.34 per litre to Rs116.08 per litre.
The government also revised taxation on other petroleum products. The petroleum levy on high-speed diesel was reduced by Rs24.34 per litre, bringing it down from Rs68.93 per litre to Rs44.59 per litre. Meanwhile, the levy on kerosene was maintained at Rs20.36 per litre, although the retail price of kerosene was increased by Rs8.70 per litre to Rs280.70 per litre.
Prior to this, the federal government announced a reduction of Rs4 per litre in the price of petrol, providing some relief to consumers amid rising living costs.
According to the latest notification, the price of petrol has been reduced from Rs381.78 per litre to Rs377.78 per litre with immediate effect. The government, however, decided to keep the price of high-speed diesel unchanged.
Following the decision, diesel will continue to be available at Rs380.78 per litre.
Petrol is widely used by owners of motorcycles, cars and other private vehicles, and the reduction is expected to offer limited relief to daily commuters. Diesel, on the other hand, is primarily used in the transport, agriculture and industrial sectors, making its price an important factor in determining the cost of goods and services.
The revised fuel prices will remain in effect until the next fortnightly review, when the government will reassess petroleum rates in line with trends in the international oil market and the exchange rate.
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