The Oil and Gas Regulatory Authority (OGRA) has officially announced a major reduction of Rs28.29 per litre in the price of kerosene oil as part of the government’s fuel relief package.
According to the new notification, the price of kerosene oil has been reduced to Rs233.90 per litre, down from the previous rate of Rs282.19 per litre.
This decision follows Prime Minister Shehbaz Sharif’s announcement on Friday about a significant cut in petroleum prices. He said the relief was made possible due to better regional economic conditions and a fall in global oil prices, which the government is passing on to the public.
The same announcement also included reductions in other fuel prices. Petrol prices were cut by Rs74 per litre, bringing the rate down from Rs373 to Rs299 per litre. High-speed diesel (HSD) was also reduced by Rs67 per litre, dropping from Rs378 to Rs311 per litre.
The Prime Minister said this step fulfills the government’s promise to reduce the financial burden on the public. He added that improved diplomatic relations and regional stability have also helped in controlling energy costs.
Overall, these price cuts are aimed at providing relief to consumers and stabilizing fuel expenses in the country.
