The federal government is considering ending the freeze on petrol and diesel prices as they rise sharply and fall behind global benchmarks.

At the same time, officials are looking at giving targeted subsidies to owners of two and three-wheelers to help low-income consumers.

Prices of aviation fuel and kerosene have risen sharply in recent weeks, even as the government held back increases in petrol and high-speed diesel during Ramadan, diverting fiscal resources to absorb higher import costs. Official price sheets show jet fuel (JP-1) was raised by Rs. 84 per litre, or about 22%, to Rs. 472 from March 21, while kerosene increased by roughly Rs. 71 per litre, or about 20%, to Rs. 429 within a week, reported Dawn.