Petrol prices have surged by a substantial Rs8 per litre, while diesel prices have increased by Rs5.16, effective immediately. This significant hike in fuel costs is a result of the federal government's decision made on Saturday, March 1, 2026, which was anticipated due to the recent surge in global crude oil rates. The new prices reflect a notable rise in the cost of petrol, now at Rs266.17 per litre, and diesel, now at Rs280.86 per litre. These adjustments have a profound impact on various sectors, particularly affecting commuters who rely on petrol for daily travel in small vehicles, rickshaws, and two-wheelers. Moreover, the transport sector heavily depends on high-speed diesel, which is predominantly used in heavy goods transport vehicles, trucks, buses, trains, and agricultural machinery. The price hike is considered inflationary, as it directly contributes to the increased prices of vegetables and other food items, putting additional financial strain on middle and lower-middle-class households.
