KARACHI: Pakistan on Saturday raised the price of high-speed diesel by Rs11.30 per liter while keeping petrol rates unchanged for the next 15 days, according to a notification circulated by the energy ministry.
The price of diesel has now been increased from Rs257.08 to Rs268.38, effective from Feb. 1. However, petrol price has been left unchanged at Rs253.17 per liter for the same period.
“The government has revised the prices of petroleum products based on recommendations of the Oil and Gas Regulatory Authority,” the notification announced while listing the rates.
Fuel prices in Pakistan are reviewed fortnightly and are influenced by global oil prices, exchange rate movements and domestic taxes. The pricing mechanism passes changes in import costs on to consumers.
Petrol is mainly used in private transport, motorcycles and rickshaws, while diesel fuels heavy transport and agricultural machinery and is considered a key driver of inflation in the South Asian country.
