• The federal government will adjust gasoline prices based on global trends.
• Middle East tension may increase global oil prices, affecting Pakistan’s petroleum prices.
• Caretaker government to announce revised petroleum product prices for the second half of February 2024.

In Islamabad, the federal government will adjust petrol and diesel prices according to global trends in the upcoming biweekly review on February 15th.

Continued tension in the Middle East has led to an increase in global oil prices, which may result in higher petroleum prices in Pakistan.

Pakistan held elections on February 8, and the Election Commission of Pakistan (ECP) has released provisional results, showing PTI-backed candidates leading in National Assembly constituencies, followed by PML-N and PPP.

The process of forming national and provincial governments will commence following the announcement of the official results.

The caretaker government is expected to announce revised prices for petroleum products for the second half of February 2024, as the formation of the new government will likely take several more days.

Expected Petrol and Diesel Prices in Pakistan

The government is anticipated to raise petrol and diesel prices in Pakistan starting on February 16 due to escalating international prices. The interim government is also likely to maintain current prices, leaving the decision to the new administration.

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Current Petrol and Diesel Prices in Pakistan

Currently, petrol is priced at Rs 272.89 per liter, while diesel is being sold at Rs 276.21 per liter.