The Federal Government has once again increased the price of kerosene oil, adding further pressure on household budgets across Pakistan as fuel costs continue to rise.
According to a fresh notification issued on Friday, the price of kerosene has gone up by Rs4.66 per litre, taking the new rate to Rs433.40 per litre from the previous Rs428.74. The revised price has come into effect immediately, marking yet another increase in recent weeks.
This latest revision comes shortly after a much bigger jump of nearly Rs70.73 per litre, a move that had already caused concern among consumers struggling with the rising cost of living.
The repeated adjustments are part of the government’s policy to bring local fuel prices in line with fluctuations in the international oil market. The changes follow recommendations from the Oil and Gas Regulatory Authority (OGRA), along with revisions in the petroleum development levy. As a result, deregulated petroleum products, particularly kerosene, have seen notable increases throughout the year.
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Kerosene remains a basic necessity for many low-income families, especially in rural parts of the country, where it is commonly used for cooking and heating purposes.
Economic experts believe that continued increases in its price may place even more families under financial stress, especially at a time when inflation is already high and people’s purchasing power continues to weaken.
On the other hand, government officials insist that these price hikes are essential to control energy sector expenses and to avoid wider fiscal problems, while also trying to prevent similar increases in petrol and diesel rates.
With this latest revision, kerosene prices have now witnessed at least three major changes in the past few weeks, underlining the continued impact of global energy prices on Pakistan’s domestic market. Analysts believe that if this trend continues, ordinary consumers are likely to face even greater pressure on their day-to-day expenses.