ISLAMABAD: Petroleum prices are increased upto Rs 7.32 per litre from today (February 16) for the next fortnight, due to heightened geopolitical tensions in the Middle East, especially between Iran and the United States.
According to Petroleum Division, price of petrol (Mogas) is increased by Rs 5.00 per litre, taking it from Rs253.17 to Rs258.17. High-Speed Diesel (HSD) was increased by Rs 7.32 per litre, pushing its price from Rs268.38 to Rs275.70 per litre.
International petroleum product prices have experienced sharp fluctuations in the last couple of weeks amid escalating tensions involving Iran and strategically important Strait of Hormuz.
READ MORE: Fortnightly review: POL price hike likely in sync with global trend
Till last review of petroleum prices on Feb 1, 2026, the government charges petroleum levy (PL) of Rs84.25 per litre on petrol and High Octane Blending Component (HOBC), while PL on HSD fixed at Rs76.21 per litre. Kerosene oil and LDO carry lower PL rates of Rs20.36 and Rs15.84 per litre, respectively.
The final decision on the revised prices was taken by government after reviewing the recommendations sent by the Oil and Gas Regulatory Authority (Ogra).
Copyright Business Recorder, 2026
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