Islamabad, January 29, 2026 – Pakistan is preparing to revise petroleum prices on January 31, 2026, affecting the first fortnight of February. Amid rising international oil prices and ongoing geopolitical uncertainties, the government is expected to make changes that could impact millions of consumers.
Expected Price Changes (February 1, 2026)
According to initial estimates:
| Fuel Type | Price Change (Rs/Litre) | Direction |
| Petrol | -0.36 | Decrease |
| High-Speed Diesel | +9.47 | Increase |
| Kerosene Oil | +3.69 | Increase |
| Light Diesel | +6.95 | Increase |
Note: Final prices will be confirmed after the Oil and Gas Regulatory Authority (Ogra) submits its recommendations to the Petroleum Division on January 30. The Ministry of Finance, in consultation with Prime Minister Shehbaz Sharif, will announce the official rates.
Background
In the previous review on January 15, 2026, petrol and high-speed diesel prices were kept unchanged at Rs253.17 and Rs257.08 per litre, respectively. The freeze came despite an increase in the Petroleum Levy (PL), leaving consumers without immediate relief.
Impact on Consumers
• Petrol: Primarily used by commuters in small vehicles, rickshaws, and motorcycles, a decrease can slightly ease daily travel costs for middle and lower-middle class households.
• High-Speed Diesel: Used extensively in trucks, buses, trains, and agricultural machinery, its increase is considered inflationary. It may raise the cost of vegetables and other essential goods due to higher transportation expenses.
What Analysts Say
Experts suggest that while petrol reduction may offer some relief, the sharp hike in diesel could fuel inflation, particularly in the transport and agricultural sectors. Consumers are advised to plan travel and logistics expenses accordingly.