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March 13, 2026
Govt Raises Petrol, High-Speed Diesel Prices by Rs55 Per LiterIslamabad: The government announced a Rs55 per liter hike in the price of petrol and high-speed diesel each on Friday.
Consequently, the ex-depot high-speed diesel rate has been fixed at Rs335.86 per liter while the ex-depot petrol price has been revised to Rs321.17 per liter from Rs266.17 per liter, with an increase of 17pc.
The announcement was made by Petroleum Minister Ali Pervaiz Malik during a press conference alongside Deputy Prime Minister and Foreign Minister Ishaq Dar and Finance Minister Muhammad Aurangzeb.
Dar said during the press conference that the new prices will come into effect from 12am on Saturday.
He began by talking about the ongoing war between Iran and the US and Israel, adding that the conflict had spilt over.
In this scenario, the prices of petroleum products were soaring. “There has been an increase of 50 per cent to 70pc in various products’ prices,” he noted, adding that in other countries, the trickle-down effect was visible with an “automatic increase in [petroleum] prices”.
But in Pakistan, Prime Minister Shehbaz Sharif had been “careful and deliberations have been going on for the past two to three weeks”.
“There is a permanent committee that reviews [the situation] regularly under the leadership of Ali Pervaiz Malik and Aurangzeb,” he said, adding that the PM had also held meetings and reviewed the global situation.
“A committee led by me was then constituted,” he said, adding that it also included Malik and Aurangzeb. “We engaged the relevant stakeholders, and our objective was to pass the minimum effect [of the Middle East conflict on petroleum prices] to the end consumer.”
Dar said the government was making efforts to work with other countries to de-escalate the situation in the Middle East, “but God knows how long it will take”.
PM Shehbaz and Chief of Defense Forces and Chief of Army Staff Field Marshal Asim Munir had also been in contact with the civilian and military leadership of other countries in this regard, he mentioned.
He concluded that the new measures, taken in light of the ongoing situation, would take effect from 12am on Saturday. - Dawn
Courtesy Dawn
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