PRICE HIKE: Kerosene oil, light diesel prices again increased in Pakistan, second hike in15 days

Islamabad: The federal government of Pakistan has again raised prices of kerosene oil and light diesel for the second time within a month. Pakistan’s Oil and Gas Regulatory Authority (OGRA) has issued a notification and informed about the revised prices, ARY News reported. The price of kerosene oil witnessed a rise of Rs 9.29 per litre, rising from Rs185.05 to Rs194.34 per litre. On the other hand**, the** price of light diesel oil has increased by Rs6.82 per litre, increasing the revised prices to Rs170.08 per litre, up from Rs163.98. The government has increased the price of high-speed diesel by Rs6 per litre, whereas petrol prices will stay the same for the upcoming two weeks.

Ary News reported that earlier, on November 1, the price of kerosene oil was increased by Rs3.34 per litre, from Rs181.71 to Rs185.05, while light diesel oil rose by Rs1.22 per litre, from Rs162.76 to Rs163.98.

The back-to-back increases within just 15 days have sparked frustration among the public and transporters.

According to Ary News, goods transporters announced an increase of four percent in transportation fares following the latest petroleum price hike on Sunday.

Referring to a video statement by the Pakistan Goods Transport Association Alliance’s President, Malik Shehzad Awan, Ary News reported that he strongly condemned the increase in petroleum product prices, stating that the entire transport community rejects the hike in fuel prices.

Awan added that the Federal Government of Pakistan continues to increase petroleum prices, toll taxes and withholding taxes, putting transporters under more pressure. Due to the price hikes and other policies transporters could go on a nationwide strike.

Malik Shehzad Awan said that the transporters will soon announce their strategy to raise their voices against the irregularities in the petroleum sector.

With ANI agency inputs