The federal government has increased the prices of petrol and high-speed diesel (HSD) for the remainder of February, citing changes in international market prices. According to a notification issued on Sunday, petrol prices were raised by Rs5 per litre, while HSD prices went up by Rs7.32 per litre. 

 

The revision was made following recommendations from the Oil and Gas Regulatory Authority (Oil and Gas Regulatory Authority) and in line with movements in global oil markets, the Petroleum Division said.

 

With the latest increase, the price of HSD now stands at Rs275.70 per litre, up from Rs268.38 per litre, reflecting an increase of 2.7 per cent for the current fortnight. HSD is widely used in the transport and agriculture sectors, including trucks, buses, trains, tractors, tube-wells and threshers, and its price has a bearing on the cost of transporting goods and agricultural output.

 

The price of petrol has been revised to Rs258.17 per litre from Rs253.17 per litre, an increase of 2 per cent. Petrol is mainly used in private vehicles, motorcycles, rickshaws and small transport, with a direct impact on household transport expenses.

 

The government is currently charging around Rs105 per litre on petrol and about Rs97 per litre on diesel in the form of taxes and levies. 

 

Petrol and HSD remain the government’s primary revenue-generating petroleum products, with combined monthly sales averaging between 700,000 and 800,000 tonnes. In comparison, monthly demand for kerosene stands at around 10,000 tonnes.

 

During FY2025, the government collected approximately Rs1.161 trillion through petroleum levy. For the current fiscal year, revenue from petroleum levy is projected to rise by around 27 per cent to Rs1.470 trillion.