Petrol, diesel prices jump by Rs15/litre

ISLAMABAD: The federal government on Friday sharply increased petroleum prices by nearly Rs15 per litre for the next week, a move expected to intensify inflationary pressures on transport, food and essential commodities already burdening consumers across Pakistan.

According to a notification issued by the Petroleum Division, the price of petrol (Motor Spirit) was raised by Rs14.92 per litre to Rs414.78 per litre from Rs399.86, while High Speed Diesel (HSD) was increased by Rs15 per litre to Rs414.58 per litre from Rs399.58.

The revised ex-depot prices will come into effect from May 9, 2026.

The increase comes at a time when consumers are already struggling with elevated electricity tariffs, rising transport fares and expensive food items, with market analysts warning that the latest hike could trigger another wave of inflation across the country.

Petrol is primarily used in motorcycles, cars and rickshaws, making it directly linked to the daily expenses of middle and lower-middle income households.

Diesel, on the other hand, is widely consumed in heavy transport, agriculture and goods movement, meaning any increase in HSD prices typically pushes up the cost of vegetables, wheat, construction material and other essential commodities.

Transporters and logistics operators are also expected to revise freight charges upward following the increase, which could further add pressure on already high retail prices.

The latest revision follows continued volatility in international oil markets amid geopolitical tensions and concerns over global fuel supply disruptions. Market observers believe the government had little fiscal space to absorb the rising import cost of petroleum products.