Pakistan has raised petrol and diesel prices, bringing the cost of petrol close to Rs400 per litre, as the government adjusts fuel rates amid fluctuations in international oil markets.

The government on Thursday increased petrol prices by Rs2.31 to Rs398.96 per litre, while high-speed diesel rose by Rs0.78 to Rs395.72 per litre.

In a notification, the finance ministry attributed the changes to developments in global markets, including fluctuations in benchmark oil prices, premiums and other costs.

Pakistan introduced a daily fuel price revision mechanism in July as international oil prices became increasingly volatile amid renewed hostilities in the Middle East.

Fuel prices have risen repeatedly since the US-Iran war began on February 28, with authorities citing disruptions to global energy supplies.

Before the conflict, petrol was priced at Rs266.17 per litre and diesel at Rs280.86. Petrol prices climbed to Rs458.41 per litre in April, while diesel peaked at Rs520.35, according to the figures provided.

The government has also introduced fuel subsidies for more than nine million low-income people as rising energy costs place additional pressure on household budgets.

Under the assistance programme, motorcycle and three-wheeler users are eligible for a weekly discount of Rs500, with a maximum monthly benefit of Rs2,000.

Owners of cars with engine capacities of up to 800cc can receive a discount of Rs100 per litre on up to 10 litres of petrol every 10 days. Eligible motorists can claim up to three tokens a month, allowing savings of as much as Rs3,000.

The latest increase comes as Pakistan continues to adjust domestic fuel prices in response to international market conditions while providing targeted assistance to selected groups of consumers.