Pakistan keeps petrol, diesel prices unchanged for next 15 days

ISLAMABAD: The Pakistani government has decided to keep the prices of petrol and diesel unchanged for the next 15 days, the Finance Division said late Sunday.
Pakistan revises petroleum prices every fortnight, but the country’s Oil and Gas Regulatory Authority (OGRA) recommended the government to maintain the prices for the next fortnight.
“Government of Pakistan has decided to maintain the current prices of Petrol and High-Speed Diesel during the fortnight starting from 1st January, 2024,” the Finance Division said in a notification.
A liter of petrol will continue to cost Rs267.34, while high-speed diesel will sell for Rs276.21, according to the notification.
On December 15, the government had cut the price of petrol by Rs14 and high-speed diesel by Rs13.50 per liter.
The finance ministry had attributed the revision to a downward trend in international oil prices and the strengthening of local currency against US dollar.