The government has further increased the price of kerosene oil following recent hikes in petrol and diesel prices, adding to the financial burden on consumers.
According to the latest notification, the price of kerosene has been raised by Rs34.08 per litre. After the increase, the new price of kerosene has reached Rs467.48 per litre.
The revised price has come into effect from today, and consumers will now purchase kerosene at the new rate from this morning.
Previously, kerosene was being sold at Rs433.40 per litre. With the latest adjustment, kerosene will now be available at nearly Rs467.50 per litre, reflecting a significant rise in fuel costs.
In a separate development, the Petrol prices have been increased in Pakistan after a long hold, with prices going to Rs458.40 paisa per litre, a day earlier.
The diesel prices have been increased to Rs520.35 paisa. The new prices will be applicable from today.
The petrol price has increased by Rs136.83 per litre. Additionally, high-speed diesel price increased by Rs184.14 per litre.
Previously, the price of petrol was Rs322 per litre. In addition, a petrol subsidy of Rs100 has also been announced for motorcycle users.
Finance Minister Muhammad Aurangzeb and Petroleum Minister Ali Pervaiz Malik held an important press conference yesterday to discuss the current petroleum pricing situation.
During the press conference, the Finance Minister said that the new prices of petroleum products will be implemented from today.
The Petroleum Minister said that the fire of war has engulfed the entire world, and the government has no role in creating the storm.
He said that a subsidy of Rs129 billion has been given since March 1, and despite this subsidy, it has been decided to increase the prices of petroleum products.
This is because the IMF had stopped giving subsidies on petroleum products.
The Petroleum Minister further said that the Prime Minister decided to ground 60 per cent of the vehicles.
Also read: Petrol prices increased in Pakistan after long hold
