The federal government has announced a record increase in the price of kerosene oil, raising it by Rs130.08 per litre to Rs318.81 from the previous rate of Rs188.73, according to a notification issued on Saturday. The new price took effect immediately.
The significant increase comes a day after the government raised petrol and high-speed diesel prices by Rs55 per litre amid a surge in global oil prices linked to the ongoing US-Israel war with Iran.
Petroleum Minister Ali Pervaiz Malik announced the revised fuel prices during a press conference alongside Deputy Prime Minister Ishaq Dar and Finance Minister Muhammad Aurangzeb. Following the latest review, petrol prices were set at Rs321.17 per litre, up from Rs266.17, while high-speed diesel increased to Rs335.86 per litre from Rs280.86.