Petrol price hiked by Rs5, diesel by Rs7.32

On February 16, 2026, the federal government of Pakistan increased petrol prices by Rs5 per liter and diesel prices by Rs7.32 per liter. This decision has drawn criticism from the Pakistan Peoples Party (PPP), which described the hike as a 'petrol bomb' impacting the public just before the holy month of Ramazan. The price adjustment reflects ongoing fiscal pressures and energy sector challenges in Pakistan, affecting transportation and consumer costs nationwide. The timing of the hike is politically sensitive given the approaching Ramazan period, when household expenses typically rise.