ISLAMABAD (Feb 14)– Federal government is compelled to raise the prices of all petroleum products owing to increase in oil prices globally and transportation concern following US-Iran tension.
According to an estimate, the rate of ex-depot price of petrol may rise up to Rs 7.05 per litre while still 2 days left for Oil and Gas Regulatory Authority (OGRA) to review fortnightly oil prices with effect from February 16, 2026.
Based at current petroleum levy (PL) and other taxes and duties, the estimated price of petrol would increase by Rs 4.39 per litre. Similarly, the price of high speed diesel (HSD) would go up by Rs 5.40 per litre. The rate of kerosene oil would increase by Rs 4 per litre and light diesel oil (LDO) by Rs 6.55 per litre.
The price of oil globally is increasing constantly increasing as well as government is charging substantial amount of petroleum levy on petroleum product to plug in the shortfall of federal board of revenue (FBR) collection.
According to the estimates, the price of petrol may up from Rs 253.17 to Rs 257.56 per litre. The rate of HSD is also likely to go up from Rs 268.38 to Rs 273.78 per litre. Similarly, the price of kerosene oil may go up from Rs 175.80 to Rs 179.80 per litre and LDO from Rs 154.41 to rs 160.96 per litre.
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