Govt slashes kerosene price, revises fuel duty on petrol, diesel

The federal government has cut the price of kerosene oil by Rs7.23 per litre and also revised the petroleum charge on petrol and diesel, according to official notifications.

According to the revised rates announced by the Oil and Gas Regulatory Authority, the new price of kerosene oil has been determined at Rs311.73 per litre against the previous cost of Rs318.96 per litre.

The fuel price was dropped by Rs9.24 per litre to Rs108.17 a litre from Rs117.41, Petroleum Ministry sources said.

In contrast, the duty on high speed diesel was raised by Rs9.40 a litre to Rs52 a litre from Rs42.60.

The Petroleum Division had announced a Rs5 per litre drop in the pricing of both fuel and high-speed diesel.

After the change, the new petrol price is Rs409.78 per litre and high-speed diesel Rs409.58 per litre.

The revised fuel rates have come into force across the country from midnight, according to a notification issued by the Petroleum Division.