Kerosene decreases by Rs4.45/litre, to Rs360.76/litre; light diesel is more expensive by Rs 17.03/liter to Rs 287.54/liter
Kerosene oil.
ISLAMABAD:
The government revised the prices of petroleum products, reducing the price of kerosene while significantly increasing the price of light diesel.
According to a notification issued by the Oil and Gas Regulatory Authority (Ogra), the price of kerosene has decreased by Rs 4.45 per liter, taking the new rate to Rs 360.76 per litre.
On the other hand, light diesel has become more expensive by Rs 17.03 per liter, with the new price pegged at Rs 287.54 per litre. This adjustment reflects fluctuations in international oil markets and exchange rate pressures, which impact domestic fuel prices.
Amid the blockade of the Strait of Hormuz due to the Iran-US conflict, the government on Thursday increased the price of high-speed diesel (HSD) by 19.39 rupees per liter and the price of gasoline by 6.51 rupees per liter for a week.
HSD will now sell at Rs 399.58 per liter, up from Rs 380.19, while petrol will be available at Rs 399.86 per liter compared to the previous rate of Rs 393.35, reflecting an increase of Rs 6.51 per litre.
HSD is widely used in the transportation and agriculture sectors. With the current sowing season, the increase in its price is expected to have a negative impact on agriculture.
