Petrol and Diesel Set to Rise Sharply Amid Global Tensions
Petroleum prices are likely to increase from March 1, 2026, following gains in global crude and refined product benchmarks. According to recent industry estimates and data from Arif Habib Research, the prices of both Petrol and Diesel are expected to rise due to volatile crude oil prices.
Here is a quick overview of the expected changes for consumers:
| Fuel Type | Current Price (PKR/Ltr) | Expected Increase (PKR/Ltr) | Expected New Price (PKR/Ltr) |
| Petrol | 258.17 | +5.13 | 263.30 |
| Diesel | 275.70 | +6.80 | 282.50 |
What is Driving the Increase?
The primary reason for the global increase in crude oil prices is escalating tensions between Iran and the US. These geopolitical frictions have stoked supply-side concerns in the Middle East, pushing international buyers to pay a premium.
Additionally, international benchmarks posted consistent gains during the latter half of February. Arab Light crude increased by 2.7% (averaging $69.18/bbl), while Brent crude rose by 3.2%.
The refined products themselves saw even steeper increases internationally. Gasoline (Petrol) jumped by 5.6% in the global market, and Gas Oil (Diesel) rose by 4.0%. A slight increase in product spreads has further contributed to the overall estimated price hike at the local pump.
Keep following PakWheels on Google News to get the latest confirmed petrol and diesel pricing on 1st March at midnight.