Islamabad – The government of Pakistan has increased the price of kerosene by Rs70.73 per liter, bringing the new price to Rs428.74 per liter, according to a notification issued on March 20.
Prime Minister’s Decision
Prime Minister Shehbaz Sharif declined a proposal from the Oil and Gas Regulatory Authority (OGRA) to raise the prices of petrol and diesel. However, he authorized the substantial increase in the price of kerosene.
The Prime Minister stated that the ongoing regional war has destabilized the global economy and is driving up prices for Gulf oil in the international market.
Potential for Further Increases
Premier Shehbaz indicated that further price increases are possible if the current situation deteriorates. He acknowledged that recent price adjustments have already created significant hardship for the public.
Frequently Asked Questions
What is the new price of kerosene?
The new price of kerosene is Rs428.74 per liter.
Did the government increase the prices of petrol and diesel?
No, the government decided to maintain the current prices of petrol and diesel.
What did the Prime Minister say about future price increases?
The Prime Minister stated that further increases cannot be ruled out if the situation continues to deteriorate.
As Pakistan navigates a volatile global energy market, what impact will these selective price adjustments have on households and industries reliant on kerosene?
