Islamabad(The COW News Digital)The government has announced a revision in petroleum product prices, reducing the rates of kerosene oil and light diesel while increasing the price of jet fuel, a move that is expected to have mixed economic impacts across different sectors.
According to an official notification, the price of kerosene oil has been reduced by Rs 41.80 per litre, bringing the new rate to Rs 318.96 per litre. The adjustment offers partial relief to households and small-scale users who rely on kerosene for cooking and heating purposes in various parts of the country.
Similarly, the price of light diesel oil has been cut by Rs 21.07 per litre. Following the reduction, the new price has been set at Rs 265.84 per litre, down from the previous rate of Rs 287.54 per litre. Light diesel is commonly used in small transport vehicles, agricultural machinery, and rural industries, making this reduction significant for lower-income segments and the farming sector.
In contrast, the price of jet fuel has been increased sharply by Rs 53.11 per litre. The new price has been fixed at Rs 441.66 per litre, up from Rs 388.55 per litre. The government stated that global market trends and import costs influenced the upward revision.
The increase in jet fuel prices is expected to have a direct impact on the aviation sector. Industry experts warn that higher operating costs for airlines could eventually translate into increased airfares for commercial passengers, potentially affecting domestic and international travel demand.
In a separate adjustment announced earlier, petrol prices were raised by Rs 14.92 per litre, while high-speed diesel saw an increase of Rs 15 per litre. These changes add further pressure on transportation costs and inflation-sensitive sectors of the economy.
Economic observers note that while selective reductions in certain fuel categories provide limited relief, the overall trend of rising energy costs continues to place pressure on consumers and businesses. The government has defended the revisions as necessary adjustments aligned with global oil price fluctuations and fiscal requirements.
Public reaction remains mixed, with relief in rural and low-income segments due to reduced kerosene and diesel prices, while concerns are growing over rising transport and aviation costs.
