The federal government has decided to keep petroleum prices unchanged despite an increase in international oil prices, Prime Minister Shehbaz Sharif announced on Friday.

He said the move reflects the government’s effort to shield citizens from additional financial pressure during a period of economic uncertainty.

Petrol will stay at Rs. 321.17 per litre while diesel at Rs. 335.86 per litre until next week’s review of petroleum prices.

According to the prime minister, the decision is intended to provide relief to the public and honor the government’s commitment to ease the burden on households facing rising living costs.

He noted that global geopolitical tensions have added volatility to international markets, including energy prices, which could have wider implications for Pakistan’s economy. Despite these challenges, the government is attempting to manage the situation through prudent policymaking, fiscal discipline, and austerity initiatives.

Sharif said reducing expenses within the government and among the country’s elite is part of a broader strategy to protect lower-income groups from economic strain.

He added that provincial administrations are cooperating with the federal government in implementing cost-cutting measures, describing the support as a positive sign for coordinated economic management.

The prime minister also stated that Pakistan currently has adequate crude oil stocks to meet domestic demand, attributing this to the efforts of the country’s diplomatic and economic teams.

Authorities at both federal and provincial levels have been directed to ensure strict enforcement of official fuel prices so that no retailer overcharges consumers.

Sharif expressed optimism that international conditions would stabilize in the coming period, allowing global petroleum markets to regain balance.