Govt keeps petrol, diesel prices unchanged for next fortnight

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A worker holds a fuel nozzle to fill fuel in a car, after the government announced the increase of petrol and diesel prices, at a petrol station in Karachi. — Reuters/FIle
A worker holds a fuel nozzle to fill fuel in a car, after the government announced the increase of petrol and diesel prices, at a petrol station in Karachi. — Reuters/FIle

The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.

This decision was notified in a press release issued by the Petroleum Division.

Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.

Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.

Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.

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