People wait for their turn to get fuel at a petrol station in Peshawar. Photo: Reuters/ File
The federal government has increased the price of petrol by Rs5 per litre and high-speed diesel by Rs7.32 per litre for the next fortnight, according to a notification issued by the Petroleum Division late on Sunday night.
Petrol has been raised by Rs5 per litre, taking the price from Rs253.17 to Rs258.17 per litre.
High-speed diesel (HSD) has been increased by Rs7.32 per litre and now costs Rs275.70 per litre, up from the previous Rs268.38.
The notification further stated that the revised prices take effect immediately from February 16 and will remain in force for the next fortnight.
Fuel prices in Pakistan are reviewed fortnightly and are influenced by changes in international oil prices, exchange rate fluctuations, and domestic tax adjustments. Diesel prices are of particular concern as HSD is widely used in transport, agriculture, and power generation, meaning increases often have a direct impact on inflation and the cost of essential goods.
On February 1, in its fortnightly review, the federal government had reduced the price of high-speed diesel by Rs14 per litre from Rs282.38 to Rs268.38 per litre for the next 15 days, while keeping petrol prices unchanged at Rs253.17 per litre.
Earlier, sources had said the price of petrol might rise by Rs4.39 per litre, while high-speed diesel was likely to see an increase of Rs5.40 per litre.
