The government of Pakistan has announced a sharp increase in fuel prices, hiking petrol and high-speed diesel by Rs 55 per liter. The new rates took effect on 7 March 2026. Officials cited rising global oil prices and regional tensions as the main reasons behind this steep adjustment. Check out the gold price.
What is the petrol price in Pakistan Today?
As of 7 March 2026, petrol prices in Pakistan are significantly higher.
- PSO Petrol Price Today: PKR 397 per liter
- Shell Petrol Price Today: PKR 399 per liter
- Other Stations: Prices may vary slightly depending on the city and logistics costs.
Why Are Petrol Prices Increasing in Pakistan?
Petrol prices have been rising due to multiple factors:
- Global Oil Prices: International crude rates have surged recently due to supply-demand imbalances and geopolitical tensions.
- Currency Depreciation: The weakening of the Pakistani rupee increases import costs for fuel.
- Taxes and Levies: Government-imposed petroleum development levies and duties add to the final price.
- Regional Instability: Political and economic uncertainties in the region affect oil imports and supply chains.
The combination of these factors led to the steep increase of Rs 55 per liter in March 2026.
What is the price of 1 Litre of Diesel?
High-speed diesel prices have also risen:
- Average Diesel Price Today: PKR 430 per litre
- Diesel is crucial for transportation, agriculture, and industry, making its price increase impactful across multiple sectors.
This increase mirrors petrol price adjustments, with the government citing global oil rate hikes and import costs as major reasons.
Why Are the Prices of Petrol and Diesel Going Up?
The sharp increase in fuel prices affects both petrol and diesel for similar reasons:
- Rising Global Demand: Crude oil demand has increased, pushing international prices higher.
- Import Costs: Pakistan imports most of its fuel, so fluctuations in global rates directly affect domestic prices.
- Government Levies: Petroleum taxes and duties contribute significantly to higher costs.
- Logistics & Transport: Distribution and operational expenses also influence final retail prices.
The government warns that further adjustments could occur if global oil prices continue to rise.
PSO Petrol Price in Pakistan Today
Pakistan State Oil (PSO) is the largest fuel distributor in the country:
- Petrol Price (PSO): PKR 397 per litre
- Diesel Price (PSO): PKR 430 per litre
PSO prices are considered the standard reference for most cities and fuel stations across Pakistan.
OGRA Petrol Price in Pakistan Today
The Oil & Gas Regulatory Authority (OGRA) also sets official fuel prices:
- OGRA Petrol Price: PKR 395 per litre
- OGRA Diesel Price: PKR 428 per litre
These prices reflect global oil trends, local currency rates, and government-imposed levies.
Shell Petrol Price in Pakistan Today
Shell Pakistan updates its fuel prices based on import costs and logistics:
- Shell Petrol Price: PKR 399 per litre
- Slightly higher than PSO due to operational and brand factors.
So, shell remains a popular choice in urban areas for quality and service.
Petrol Price in Pakistan – Historical Update
- Yesterday Petrol Price: PKR 382–384 per litre
- Petrol Price on 7 March 2026: PKR 397–399 per litre
This shows a sharp Rs 55 increase in one adjustment, highlighting fuel price volatility in Pakistan.
Petrol & Diesel Price News
The recent hike has been widely reported across news outlets:
- Petrol & Diesel Price Increase Pakistan: Rs 55 per litre effective 7 March 2026
- Reason: Rising global oil prices, currency depreciation, and regional tensions
Consumers are advised to plan transportation and budget accordingly.
Why Petrol Price Increase in Pakistan?
Fuel price hikes are driven by both international and domestic factors:
- International Crude Rate Hike
- Regional Political Tensions
- PKR Depreciation
- Government Petroleum Levies
These factors combined make fuel prices unpredictable, and further adjustments may be expected in the coming months.
Petrol and Diesel Price Increase in India – March 2026 Update
Fuel prices in India have seen frequent adjustments in 2026, influenced by global crude oil rates, currency fluctuations, and geopolitical events. Recent global tensions, particularly the Iran-Israel conflict, have raised concerns over further price increases.
What is the Petrol Price in India Today?
As of 7 March 2026, the average petrol price in India is approximately:
- Delhi: ₹118 per litre
- Mumbai: ₹125 per litre
- Kolkata: ₹121 per litre
- Bengaluru: ₹119 per litre
Diesel prices have also increased:
- Average Diesel Price: ₹106–110 per litre depending on the city
Prices vary due to state taxes, local levies, and logistics costs.
Why Are Petrol and Diesel Prices Increasing in India?
Fuel price hikes in India are driven by several factors:
- Global Crude Oil Prices: India imports most of its oil. Any rise in international crude prices directly affects domestic rates.
- Currency Fluctuations: A weaker Indian Rupee against the US Dollar increases import costs.
- Taxes and Levies: Central excise duties and state VAT contribute significantly to final pump prices.
- Geopolitical Tensions: Conflicts in oil-producing regions (like the Iran war) affect supply, raising crude prices.
Will Oil Prices Increase in India?
Oil prices in India largely follow international crude market trends. Experts warn that prices may continue to rise due to:
- Ongoing Middle East tensions
- Reduced global supply from oil-producing countries
- Increased global demand for petroleum
If global crude prices rise further, domestic petrol and diesel rates are expected to increase.
Will Petrol Prices Increase in India Due to the Iran War?
The Iran-Israel conflict has the potential to impact global oil supply:
- Iran is a major oil exporter; any disruption can reduce supply to global markets.
- Reduced supply leads to higher crude oil prices, which are passed on to Indian consumers.
- While the exact impact on domestic fuel prices is uncertain, analysts predict a moderate to high likelihood of price hikes if tensions continue.
Petrol and Diesel Price in Lahore – March 2026 Update
As of 7 March 2026, fuel prices in Lahore, one of Pakistan’s major cities, have increased significantly. This follows the government’s announcement of a Rs 55 per litre hike in petrol and high-speed diesel. The increase is attributed to rising global oil prices and regional tensions.
Petrol Price in Lahore Today
- PSO Petrol Price: PKR 397 per litre
- Shell Petrol Price: PKR 399 per litre
- Prices may vary slightly depending on the fuel station and location in the city.
This sharp increase affects daily commuters, local transport, and overall living expenses in Lahore.
Diesel Price in Lahore Today
- High-Speed Diesel (HSD) Price: PKR 430 per litre
- So, the diesel is widely used in public transport, logistics, and industrial vehicles.
Citizens and businesses in Lahore are adjusting to higher transportation and operational costs due to this increase.
Why Petrol and Diesel Prices Are Rising in Lahore
Fuel prices in Lahore follow national and international trends:
- Global Crude Oil Rates: The cost of imported oil has risen due to global supply-demand fluctuations.
- Currency Depreciation: A weaker Pakistani Rupee increases import costs for petrol and diesel.
- Government Taxes and Levies: Petroleum development levies, duties, and taxes contribute significantly to the pump price.
- Regional Instability: Political and economic tensions affect oil imports and distribution costs.
Impact of Fuel Price Increase in Lahore
- Transportation Costs: Public transport fares and private vehicle expenses are increasing.
- Goods & Services: Higher transportation costs push up the price of goods.
- Inflation: A direct effect on the cost of living for households.
- Industry: Local businesses face higher operational costs due to diesel price hikes.
Historical Petrol & Diesel Prices in Lahore
- Yesterday Petrol Price: PKR 382–384 per litre
- Today Petrol Price: PKR 397–399 per litre
- Diesel Yesterday: PKR 415 per litre
- Diesel Today: PKR 430 per litre
The sharp increase of Rs 55 per litre marks one of the largest single-day hikes in recent years.
How often are petrol and diesel prices updated?
So, the Fuel prices in both Pakistan and India are updated daily in India. bi-weekly or monthly in Pakistan, depending on government policy and international oil market fluctuations. Updates consider global crude prices, currency exchange rates, taxes, and transportation costs.
Conclusion
The 7 March 2026 fuel price hike marks a significant increase in petrol and diesel rates in Pakistan. Citizens should be aware of the PSO, Shell, and OGRA updates, and prepare for higher transportation and commodity costs. The government cited global oil price surges and regional instability as the main reasons for the steep adjustment. Monitoring fuel price updates regularly is now crucial for managing personal and business budgets in Pakistan.
FAQs
As of today, the petrol price in Pakistan is around PKR 480 per litre, and diesel is about PKR 515 per litre. Prices can vary slightly depending on the city and taxes imposed by provincial governments. Fuel prices are reviewed and updated by the Oil & Gas Regulatory Authority (OGRA) and announced by the Ministry of Energy.
Pakistan imports most of its crude oil, and international oil trade is conducted in US dollars. This means that if the US dollar strengthens against the Pakistani rupee, it becomes more expensive to import oil, raising local petrol and diesel prices. Conversely, if the dollar weakens, fuel becomes slightly cheaper. In addition, global crude oil prices, geopolitical tensions, and shipping costs also affect local fuel rates.
In Delhi, the current petrol price is approximately ₹95–₹100 per litre, while diesel costs around ₹87–₹92 per litre. Prices are regulated by oil marketing companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum and are updated daily based on global crude oil trends and the Indian rupee exchange rate against the US dollar.
In Mumbai, petrol is priced at roughly ₹105 per litre, and diesel costs around ₹97 per litre. Mumbai usually has slightly higher fuel prices compared to Delhi due to higher local taxes, transportation costs, and state duties imposed by the Maharashtra government.