A major increase in petroleum product prices is expected across Pakistan due to rising tensions between the United States and Iran, along with growing uncertainty in the Gulf region, officials said.

According to estimates prepared by relevant authorities, petroleum prices may see a significant hike for the next fortnight starting from February 1, 2026. High-speed diesel is expected to witness the largest increase, with prices likely to rise by up to Rs 9.47 per litre.

Officials said kerosene oil prices may increase by Rs 3.69 per litre, while light diesel oil is expected to become costlier by around Rs 6.95 per litre. These projected increases have raised concerns among consumers and transporters.

Sources said ongoing tensions in the Gulf region have caused volatility in global crude oil prices. As Pakistan relies heavily on imported oil, any fluctuation in international markets directly impacts domestic fuel prices.

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Experts warned that an increase in petroleum prices could further fuel inflation across the country. Higher fuel costs are expected to raise transportation expenses, which may eventually lead to an increase in the prices of daily essential goods.

Economists say the possible hike could put additional pressure on households already struggling with high living costs, while businesses may also face higher operational expenses.

The final decision on fuel prices will be taken by the federal government after reviewing recommendations from the Oil and Gas Regulatory Authority (OGRA).

In recent months, fuel prices in Pakistan have remained sensitive to global political developments, making consumers anxious about future price trends. Analysts advise the government to carefully balance economic pressures with public relief while announcing the final rates.