Kerosene oil price slashed by Rs41.44 per litre

The federal government announced a massive reduction in the price of kerosene oil, lowering it by Rs41.44 per litre, reported 24NewsHD TV channel on Saturday.

The new price of kerosene oil has now been set at Rs272 per litre down from Rs313.44 per litre.

Earlier, the federal government announced a handsome cut in petrol and diesel prices, offering relief to the public.

In a statement issued by the Prime Minister’s Office on Friday, it was said that Prime Minister Shehbaz Sharif had promised the nation that relief would be provided as soon as fiscal space became available, and the government has now fulfilled that commitment.

The statement confirmed that petrol prices have been reduced by Rs22 per litre, while diesel price has also been cut by Rs22 per litre.

With the reduction of Rs22, the new rate of petrol is Rs381.78, and diesel will be sold at Rs380.78 per litre.

PM Shehbaz Sharif said that providing relief to the public remains his top priority, adding that the government had already announced similar reductions last week.

The statement further noted that even in difficult economic conditions, the government continued to provide relief for consumers, including subsidies for public transport, goods transport, motorcyclists, and rickshaw users.