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KARACHI: Pakistan’s government announced on Sunday that it has kept the price of petrol unchanged and hiked that of diesel by Rs6 per liter for the next fortnight, a notification from the Finance Division said.

As per the latest notification, the new price of high speed diesel has been fixed at Rs284.44 per liter from Rs278.44 per liter.

Meanwhile, the price of petrol remains the same at Rs265.45 per liter, the notification said. The government also did not announce any change in the prices of kerosene oil or motor spirit as well.

“The government has revised the prices of the petroleum products following input from the Oil & Gas Regulatory Authority (OGRA) and the relevant ministries,” the finance division said in its notification late Sunday night.

The government announces new prices of petroleum products every two weeks in Pakistan. These prices are influenced by global oil market trends, currency fluctuations and changes in domestic taxation.

The mechanism ensures that the net impact of changes in import costs is passed on to consumers, helping sustain the country’s fuel supply chain.

Petrol is mostly used for private transport, small vehicles, rickshaws and two-wheelers, while diesel powers heavy vehicles used for transportation of good across the South Asian country.

Any increases have a direct impact on inflation, raising production and transportation costs and driving up the prices of essential goods and services, particularly food. The effect is further amplified by Pakistan’s reliance on imported fuel.