ISLAMABAD: The price of petrol in Pakistan is expected to increase by Rs4 per litre from March 1, 2025, after the next fortnightly review scheduled to take place on Friday, February 28.
The government revises petrol prices twice every month, with new prices applied on the 1st and 15th of each month.
The petrol price in Pakistan currently stands at Rs256.13. If increased on February 28, the petrol price in Pakistan from March 1 will reach to Rs260.13.
The prices of High-Speed Diesel (HSD) and Superior Kerosene Oil (SKO) are expected to see a minor reduction of Rs1 per litre.
If the prices decrease, HSD and SKO are expected to drop to Rs262.95 and Rs170.65, respectively, from their previous prices of Rs263.95 and Rs171.65.
Expected prices of petroleum products in Pakistan from March 1
| Fuel Type | Current Price (Rs) | Expected Price (Rs) | Change (Rs) |
|---|---|---|---|
| Petrol | 256.13 | 260.13 | +4.00 |
| High-Speed Diesel (HSD) | 263.95 | 262.95 | -1.00 |
| Superior Kerosene Oil (SKO) | 171.65 | 170.65 | -1.00 |
The new petrol prices will be applicable in all major cities of Pakistan, including Lahore, Islamabad, Karachi, Peshawar, and Quetta.
The above expected petrol prices are based on news reports from local media. The final decision on the prices of petroleum products will be notified by the Government of Pakistan’s Finance Division after it approves the summary sent by the Oil & Gas Regulatory Authority (OGRA).
Petrol prices in Pakistan are revised every 15 days, though the government rarely announces changes earlier unless necessary. This month, the government will review petrol prices after 13 days instead of 15 due to February being a shorter month.
The prices of petroleum products are decided based on Brent crude prices and the rupee-dollar exchange rate. The change in petrol prices in Pakistan impacts the overall economy and the daily commute of citizens.
The price of petrol in Pakistan reached a historic high of Rs331.38 per litre in September 2023, leading many to consider switching to electric cars. However, at that time, electric vehicles were not widely available. Now, with brands like BYD entering the Pakistani market, citizens have more options to make the switch.
Pakistanis are increasingly shifting to SUVs (sport utility vehicles) and LCVs (light commercial vehicles), as evident from the 91% year-on-year increase in SUV and LCV sales during the first half of FY25.
Jetour Pakistan is also expanding its SUV lineup with the introduction of two off-road models, the Jetour T1 and Jetour T2.
