Petrol up by Rs5, diesel by Rs7.32 per litre

ISLAMABAD: The government on Sunday raised petrol and diesel prices for the next fortnight, imposing a fresh inflationary burden on consumers just a week ahead of the holy month of Ramazan.

According to a notification issued by the Petroleum Division, the price of petrol (motor spirit) has been increased by Rs5 per litre to Rs258.17, while high-speed diesel (HSD) has gone up by Rs7.32 per litre to Rs275.70, effective immediately from Feb 16.

The hike follows recommendations by the Oil and Gas Regulatory Authority (OGRA) after the government’s routine fortnightly fuel price review.

The decision reverses the brief price stability seen earlier this year, when authorities had kept rates unchanged following a New Year cut.

The timing of the hike just before Ramazan, when household consumption rises, could further strain consumer budgets and dampen purchasing power. The move is also likely to have ripple effects across supply chains, particularly in food and logistics.