- The government will pay OMCs Rs 95.59 for petrol and Rs 203.88 for diesel under the PDC.
- Prime Minister blocks petrol, diesel increases, bears Rs 56 billion to protect consumers
- Highlights diplomacy, says Pakistan leading talks with Iran and Gulf.
KARACHI: The federal government has increased the price of kerosene oil by Rs 4.66 per litre, 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 litre, respectively, despite significant increases in the global oil market.
The Petroleum Division said gasoline and diesel prices remained stable to protect consumers from international price shocks.
The government will pay oil marketing companies Rs 95.59 per liter for petrol and Rs 203.88 per liter for diesel under the Petroleum Development Cessation (PDC), according to the notification.
This latest adjustment follows a review on March 21, when kerosene prices rose to Rs 428.74 per liter, a sharp increase at the beginning of the 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 effects of rising fuel costs, making this latest increase in kerosene closely watched across the country.
Meanwhile, a few hours before the March 28 announcement, Prime Minister Shehbaz Sharif addressed the nation on the fuel crisis.
Chief 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 prices of both fuels unchanged for now, despite global surges.
“The government will bear the additional cost, estimated at Rs 56 billion, to protect consumers,” the prime minister said during the televised address.
He also highlighted Pakistan’s diplomatic role in the Middle East, including ongoing talks with Iran and Gulf countries, with Deputy Prime Minister and Foreign Minister Ishaq Dar leading the negotiations.
Shehbaz vociferously credited KDF Field Marshal Asim Munir and highlighted Pakistan’s active diplomacy day and night to promote peace.
