Pakistan Raises Kerosene Price by Rs39.20 – New Rate Rs358 per Liter
Government Announces Major Increase in Kerosene Price
The federal government has announced a major increase in kerosene oil prices in Pakistan. According to the latest update, the price of kerosene has been raised by Rs39.20 per liter.
After the increase, the new price of kerosene oil has been set at Rs358.01 per liter. The change has raised concerns for many households, especially in areas where kerosene is commonly used for cooking and heating.
Energy officials say the decision was taken as part of the regular review of petroleum product prices.
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Petrol and Diesel Prices Remain Unchanged
While kerosene prices have increased, the government has decided to keep petrol and diesel prices unchanged for now.
This step has been taken to provide relief to consumers and avoid further pressure on transportation costs. Petrol and diesel are widely used in vehicles, public transport, and goods delivery, so stable prices can help control inflation.
The government has also decided to maintain the petroleum levy on both fuels.
Petroleum Levy on Petrol and Diesel
According to the latest announcement, the petroleum levy on petrol remains at Rs105.37 per liter.
For diesel, the levy will remain at Rs55.24 per liter.
The petroleum levy is a tax collected by the government on fuel products. It is used to generate revenue for national expenses and development projects.
Officials say the levy rates have not been changed in the latest review.
Government to Provide Rs23 Billion Subsidy
The Ministry of Energy has stated that the government will pay a subsidy of Rs23 billion to keep petrol and diesel prices stable.
This financial support will be provided to oil marketing companies under price differential claims. These claims help cover the gap between the actual fuel cost and the price paid by consumers.
The subsidy aims to reduce the financial burden on the public while ensuring that fuel supply remains stable across the country.
Impact on Consumers
The increase in kerosene prices may affect households that rely on it for daily use. However, keeping petrol and diesel prices stable may help control transportation and logistics costs.
Experts believe the government is trying to balance rising international energy costs while protecting consumers from sudden fuel price increases.
FAQs
What is the new price of kerosene in Pakistan?
The new price of kerosene oil has been set at Rs358.01 per liter after an increase of Rs39.20.
Did petrol prices change?
No, the government has decided to keep petrol prices unchanged for now.
What about diesel prices?
Diesel prices have also remained unchanged in the latest announcement.
What is the petroleum levy on petrol?
The petroleum levy on petrol is Rs105.37 per liter.
Why is the government giving a subsidy?
The government will provide Rs23 billion in subsidy to oil marketing companies to maintain stable petrol and diesel prices.
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