Mobile phone prices and accessories have increased in the market following a rise in petroleum product prices, which has pushed up overall production costs for factories.

The increase has led mobile phone companies to raise handset prices by Rs3,000 to Rs5,000, according to market updates.

Prices of related accessories, including screen protectors, covers and handsfree devices, have also gone up as manufacturers adjust to higher operational and transport costs.

Industry sources say the surge in fuel prices has increased factory production and logistics expenses, forcing companies to revise retail prices across multiple categories in the mobile phone sector.

No official industry-wide pricing statement has been issued so far, but retailers report immediate changes in updated price lists from suppliers.