The government of Pakistan has announced a significant increase in the price of kerosene oil, raising it by Rs17.1 per litre. This decision, effective immediately, is part of the periodic review of petroleum product prices. The new price is expected to place an additional financial burden on low-income households, particularly in rural and cold regions where kerosene is commonly used for heating and cooking.
Impact on Consumers
Kerosene is a vital fuel for many families who lack access to natural gas or electricity. The price hike will increase their monthly expenses, potentially forcing them to reduce consumption or seek alternative, often more expensive, energy sources. Consumer rights groups have criticized the move, urging the government to provide subsidies to protect vulnerable populations.
Reasons for the Increase
The government attributes the rise to fluctuations in international crude oil prices and adjustments in taxes and levies. The Oil and Gas Regulatory Authority (OGRA) had proposed the increase, which was approved by the finance ministry. Officials state that the adjustment is necessary to align local prices with global trends and to maintain supply stability.
Comparison with Other Fuels
Alongside kerosene, prices of other petroleum products such as petrol and diesel have also been revised. However, the percentage increase for kerosene is notably higher, reflecting its specific market dynamics and lower base price. The government has not announced any relief measures for kerosene users, sparking concerns about energy affordability.
Future Outlook
Energy experts warn that without targeted subsidies or alternative energy programs, the price hike could exacerbate energy poverty. The government is urged to invest in renewable energy solutions and expand gas infrastructure to reduce dependence on kerosene. Meanwhile, consumers are advised to use kerosene efficiently and explore budget-friendly alternatives.
