Today Update: Government Raises Kerosene and Light Diesel Prices After Petrol Hike in Pakistan

The federal government of Pakistan has announced another major increase in petroleum product prices shortly after raising petrol and diesel prices by Rs55 per litre. Following the earlier decision, the government has now increased the prices of kerosene oil and light diesel oil, which has further added to the financial pressure on the public.

According to the latest notification issued by authorities, the price of kerosene oil has increased by Rs130.08 per litre, bringing the new price to Rs318.81 per litre. At the same time, the price of light diesel oil has increased by Rs67.82 per litre, which means the new price has reached Rs235.01 per litre.

This announcement came soon after the government increased petrol and high-speed diesel prices by Rs55 per litre, which was described as one of the biggest increases in recent years. As a result, several petroleum products are now significantly more expensive for consumers across the country.

Kerosene Oil Price Sees Major Increase

The biggest increase in the latest announcement was seen in kerosene oil prices. The government raised the price by more than Rs130 per litre, which is considered a very large adjustment.

Kerosene oil is widely used in many parts of Pakistan, especially in rural areas where it is often used for cooking, heating, and lighting. Because of this, the increase in kerosene prices is expected to affect many low-income households.

Many families depend on kerosene oil as an affordable energy source. When prices rise sharply, it becomes more difficult for such households to manage their daily expenses. Small businesses that use kerosene for operations may also experience higher costs.

Light Diesel Oil Price Also Increased

In addition to kerosene oil, the government has also increased the price of light diesel oil (LDO). This fuel is commonly used in agricultural equipment, small machinery, and generators.

The new price of light diesel oil has reached Rs235.01 per litre after an increase of Rs67.82 per litre. This rise could affect sectors that rely on diesel-powered equipment, particularly agriculture and small-scale industries.

Farmers often use light diesel oil for machinery such as water pumps and tractors. Because of this, higher fuel prices may increase farming costs, which could also affect the prices of agricultural products in markets.

Petroleum Levy on Fuel Products

Another important factor in fuel pricing is the petroleum levy imposed by the government. This levy is a type of tax added to the price of petroleum products.

Currently, kerosene oil carries a petroleum levy of Rs20.36 per litre, while light diesel oil has a levy of Rs15.84 per litre. These levies contribute to government revenue and are included in the final price paid by consumers.

Taxes and levies are often adjusted depending on the government’s financial policies and economic conditions. However, when combined with rising global oil prices, they can significantly increase the cost of fuel for the public.

Impact of Rising Fuel Prices

The increase in petroleum product prices usually affects many sectors of the economy. Higher fuel costs often lead to increased transportation and production expenses.

When transportation costs rise, businesses may increase the prices of goods and services. This can contribute to inflation and raise the overall cost of living for citizens.

Fuel price increases can also affect electricity generation in areas where generators are used. Many households and businesses rely on fuel-powered generators during power shortages, which means higher fuel prices can result in higher energy expenses.

Conclusion

The government’s decision to increase the prices of kerosene oil and light diesel oil comes shortly after a major rise in petrol and diesel prices. Kerosene oil has increased by Rs130.08 per litre, raising its price to Rs318.81 per litre, while light diesel oil has increased by Rs67.82 per litre, reaching Rs235.01 per litre.

These increases are expected to impact households, farmers, and businesses across Pakistan. With fuel prices rising across multiple petroleum products, many people are concerned about the possible effects on transportation costs, agriculture, and the overall cost of living in the country.