Islamabad: Pakistan has announced another increase in kerosene prices, following a continued rise in global crude oil prices.
The government approved the latest kerosene price increase, and the Oil and Gas Regulatory Authority issued a formal notification to implement the revised rates.
According to official details, authorities raised the price by Rs 4.66 per liter. As a result, the new kerosene price now stands at Rs 433.40 per liter nationwide.
Previously, consumers were paying Rs 428.74 per liter. However, the government enforced the updated rates immediately, leaving no transition period for consumers.
Moreover, this is not the first kerosene price increase in recent days. Just last week, prices surged by a massive Rs 70.73 per liter. Therefore, the latest hike has added further pressure on households already struggling with rising costs.
Meanwhile, the government has decided to keep petrol and diesel prices unchanged. Petrol remains at Rs 321.17 per liter, while diesel continues at Rs 335.86 per liter. This decision aims to control inflation to some extent.
In addition, officials explained that global oil price trends played a key role in the latest kerosene prices increase. As international markets remain volatile, local prices continue to adjust accordingly.
However, the government has chosen not to pass the full burden onto the public. Instead, it will absorb part of the financial impact to provide some relief.
Furthermore, the Petroleum Division confirmed that the government will also handle payments for price differences to oil marketing companies. This step is intended to stabilize the supply chain and avoid disruptions.
At the same time, experts believe that continued fluctuations in global oil prices may lead to further adjustments. Consequently, consumers should prepare for possible changes in fuel costs in the coming weeks.
Overall, the recent kerosene prices increase highlights the ongoing challenges in managing energy prices. As a result, both policymakers and consumers remain under pressure in the current economic situation.
