Are petrol rates expected to increase on March 1?

WEB DESK: Petroleum prices are expected to climb in the coming days, with new rates likely to be implemented from 1 March 2026, subject to government approval. Estimates suggest an increase of up to Rs6.8 per litre, according to projections shared by Arif Habib Limited.

Under the proposed adjustment, the price of Motor Spirit (petrol) may rise by Rs5.13 per litre, taking it to Rs263.30. High-speed diesel (HSD) is forecast to see a sharper jump of Rs6.8 per litre, potentially reaching Rs282.50 once the revised prices come into effect.

The anticipated hike is largely attributed to firmer trends in the global oil market. Prices of Arab Light crude have edged up by around 2.7 per cent, while a modest widening in product spreads has also added upward pressure.

During the previous pricing review, the federal government had already raised fuel costs, setting petrol at Rs258.17 per litre and HSD at Rs275.70 per litre.