Kerosene price slashed by Rs41.44 per litre in latest revision

ISLAMABAD: The federal government has reduced the price of kerosene oil by Rs41.44 per litre, according to an official notification issued on Friday.

Following the revision, the new price of kerosene oil has been fixed at Rs272 per litre, down from the previous rate of Rs313.44 per litre.

The notification confirmed that the price cut takes immediate effect as part of the government’s latest fuel price adjustment. Authorities said the revision is part of regular pricing reviews in line with international oil market trends and exchange rate movements.

Fuel prices cut by Rs22 per litre in latest relief move

The federal government yesterday reduced petrol and diesel prices by Rs22 per litre each, according to an official statement issued by the Prime Minister’s Office.

The statement said Prime Minister Shehbaz Sharif approved the reduction as part of ongoing efforts to provide relief to the public amid shifting fiscal space and global oil market trends. It added that the government has continued to adjust fuel prices in line with international developments while attempting to cushion domestic consumers.

With the latest revision, petrol is now priced at Rs381.78 per litre and diesel at Rs380.78 per litre, although the Petroleum Division has yet to issue a formal notification to implement the new rates.

The Prime Minister said easing the financial burden on citizens remained a key priority, noting that fuel prices had also been reduced in the previous week. He said the government had tried to shield consumers from the impact of volatile global oil prices through targeted policy measures and subsidies where possible.

According to the PM Office, relief has also been extended to transport operators, motorcyclists, rickshaw drivers and the goods transport sector to help offset rising operational costs.

It further stated that during recent global energy pressures, Pakistan had absorbed price increases of more than Rs130 per litre to avoid passing the full impact on consumers. Earlier reductions, including a Rs5 per litre cut announced on May 15, were also part of the broader effort to stabilise fuel prices.