The Government of Pakistan has increased the price of kerosene to Rs 358.01 per litre, a rise of Rs 29.20 per litre.
Under this decision, the petroleum levy on petrol and diesel will also be maintained to support the country’s revenue. According to the federal government, the levy on petrol remains Rs 105.37 per litre, and on diesel Rs 55.54 per litre.
The Ministry of Energy stated that due to tensions in the Middle East, the government has also raised petrol and diesel prices by Rs 55 per litre. However, to ease the burden on the public, base prices are being kept stable, and a subsidy has been announced.
Under the subsidy, Rs 49.03 per litre will be provided for petrol and Rs 75.05 per liter for diesel. The subsidy will be effective from March 14 to March 20 and is estimated to cost a total of Rs 33 billion.
The Ministry of Energy clarified that the subsidy amount will be paid to oil marketing companies through price differential claims, with OGRA completing the payment process.
Uninterrupted supply of petroleum products top priority: Finance Minister
Finance Minister Mohammad Aurangzeb said the government is continuously working to minimize the burden of petroleum product prices on the public.
He chaired a review meeting of the committee on petroleum product prices. The meeting discussed the country’s petroleum reserves, import arrangements, and the supply chain.
The committee was briefed on current crude oil and refined petroleum stocks, import plans, and supply chain logistics. They were also updated on cargo ships en route to ensure smooth supply.
Members said that petroleum stocks are at satisfactory levels and the supply chain is functioning effectively. All necessary arrangements are in place to maintain the supply next week.
The Finance Minister said an uninterrupted supply of petroleum products is a top priority. He noted that while global energy markets are volatile, timely planning and proper measures have kept domestic supply stable.
