The federal government on Sunday announced an increase in the petrol price by Rs5 per litre for the next 15 days, raising it to Rs258.17 from Rs253.17 per litre.
In a notification, the Petroleum Division said that the new fuel prices will take effect from February 16.
The rate for high-speed diesel was also increased by Rs7.32 per litre, raising it to Rs275.70 from Rs268.38 per litre.
In the previous review, the federal government raised the price of high-speed diesel by Rs11.30 per litre while keeping petrol prices unchanged for 15 days.
Petrol is mainly used by commuters in small vehicles, rickshaws and two-wheelers. Higher fuel prices significantly impact the budgets of middle and lower-middle-class households, who rely on petrol for daily travel.
On the other hand, a significant portion of the transport sector relies on high-speed diesel.
Its price is considered inflationary since it is predominantly used in heavy goods transport vehicles, trucks, buses, trains, and agricultural machinery such as tractors, tube wells, and threshers.
The consumption of high-speed diesel particularly contributes to the increased prices of vegetables and other food items.
