- The government will have to pay OMC Rs95.59 on petrol, Rs203.88 on diesel under the PDC.
- PM blocks increase in gasoline, diesel, spends 56 billion rupees to protect consumers
- Highlights diplomacy, says Pakistan holding talks with Iran, Gulf.
KARACHI: The federal government has increased the price of kerosene by Rs 4.66 per liter, taking it to Rs 433.40 per litre, with effect from March 28, according to a notification issued by the Petroleum Division.
Petrol and diesel prices, however, remain unchanged at Rs 321.17 and Rs 335.86 per liter, respectively, despite significant increases in the global oil market.
The Petroleum Division said petrol and diesel prices were kept stable to protect consumers from international price shocks.
The government will pay oil marketing companies Rs 95.59 per liter of petrol and Rs 203.88 per liter of diesel under the Petroleum Development Cess (PDC), as per the notification.
This latest adjustment follows a revision on March 21, when kerosene prices had jumped to Rs 428.74 per liter, marking a sharp increase earlier this month.
The repeated revisions reflect continued pressure on domestic fuel prices amid volatile global markets and geopolitical tensions in the Middle East.
Consumers and businesses continue to feel the ripple effects of rising fuel costs, making this latest surge in jet fuel closely watched across the country.
Meanwhile, hours before the March 28 announcement, Prime Minister Shehbaz Sharif addressed the nation on the fuel crisis.
Prime Minister Shehbaz revealed that he had rejected a summary to increase petrol by Rs 95 per liter and diesel by Rs 203 per litre, keeping the prices of the two fuels unchanged for now, despite global hikes.
“The government will bear the additional cost, estimated at Rs56 billion, to protect consumers,” the Prime Minister said during his televised speech.
He also highlighted Pakistan’s diplomatic role in the Middle East, including the ongoing talks with Iran and Gulf countries, under the leadership of Deputy Prime Minister and Foreign Minister Ishaq Dar.
Shehbaz vehemently credited CDF Marshal Asim Munir and highlighted Pakistan’s active diplomacy day and night to promote peace.
