The Government of Pakistan has announced a mixed revision in petroleum product prices in line with global oil market fluctuations. Under the new notification, some fuels have seen price increases while others have been reduced. The changes include petrol, high-speed diesel, kerosene oil, light diesel oil, and jet fuel.
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TogglePetrol Price Increase
Petrol has been increased by Rs26.77 per litre, raising the new price to Rs393.35 per litre. This increase is mainly due to rising international crude oil prices and exchange rate pressure, which directly affect import costs.
High Speed Diesel Price Increase
High-speed diesel has also gone up by Rs26.77 per litre, bringing the new rate to Rs380.19 per litre. Since diesel is widely used in transport, agriculture, and logistics, this increase is expected to have a broader impact on inflation and commodity prices.
Kerosene Oil Price Reduction
Kerosene oil has seen a significant reduction of around Rs63.60 per litre, bringing its revised price to Rs365.21 per litre. This fuel is mainly used in rural households for cooking and heating, so the decrease provides some relief to lower-income consumers. (Values based on latest reported adjustment pattern)
Light Diesel and Jet Fuel Reduction
Light diesel oil has been reduced by approximately Rs28.81 per litre, while jet fuel has seen a sharp cut of around Rs74.70 per litre. These reductions are linked to global oil price movements and demand changes in international markets.
Reason Behind Mixed Price Changes
According to official petroleum authorities, the revisions are driven by volatility in global crude oil markets, changes in import costs, and currency exchange fluctuations. Pakistan adjusts fuel prices periodically to align domestic rates with international trends.
Overall Impact on Economy
The mixed changes mean both relief and pressure for consumers. While reductions in kerosene and jet fuel provide some benefit, increases in petrol and diesel may lead to higher transport costs and inflation in the short term, affecting daily expenses across the country.
