Pakistan’s petrol prices will stay the same for the next two weeks.

ISLAMABAD: Finance Minister Ishaq Dar said on Friday that the government of Pakistan has chosen to keep the prices of gasoline and diesel the same for the next two weeks.

“The regulatory authorities told us to raise the prices of gasoline and diesel,” the finance minister, who took office in September of last year, said in a live speech.

But FinMin Dar said that after talking with Prime Minister Shehbaz Sharif, his ministry has chosen to keep the prices of the two most-used petroleum products the same.

Since the government thought there was “room” to help the people, it chose to lower the prices of kerosene oil and light diesel oil by Rs10 per litre, bringing them down to Rs177.73 per litre and Rs174.68 per litre, respectively.

Product Prices as of March 16, 2023.Prices will go down as of April 1, 2023. Petrol will go down from 272 to 272, and high-speed diesel will stay at 293.
Prices will change at midnight and stay the same until April 15.

The choice comes at a time when most people are having a hard time making ends meet because inflation is at a nearly 50-year high, at 31.55%.

Pakistan buys all of the oil it needs, so fuel prices are at all-time highs. This is because the rupee has been hitting new lows against the dollar, which makes fuel more expensive.