The government has reduced the price of kerosene by Rs 21.34 per liter to provide relief to people affected by inflation. An official notification from the Oil and Gas Regulatory Authority (OGRA) has confirmed this change. The new price of kerosene is now set at Rs 428.81 per liter.
Additionally, during the recent adjustment of petroleum product prices, the government significantly lowered the price of diesel by Rs 32.12 per liter, bringing the new price to Rs 353.42 per liter. However, the price of petrol remains unchanged at Rs 366.58.
Prime Minister Shehbaz Sharif approved these price reductions, but there are public complaints about transportation fares not being adjusted despite the drop in diesel prices. Many people are also anticipating further reductions in petrol prices.
On another note, there has been a clear decline in crude oil prices in the global market, with Brent crude oil falling by 12% to $86 per barrel. A similar significant decrease has been observed in US crude oil prices, prompting calls for these benefits to be extended to local consumers.
Read also: LNG to arrive from Qatar in next five days to end power outage
Federal Energy Minister Owais Leghari has said that four cargoes of LNG from Qatar will reach Pakistan in the next 5 days, after which the electricity situation will improve significantly and it will be possible to end load shedding.
Speaking on a private TV program, Owais Leghari claimed that even at present, the duration of load shedding in the country is not more than one to one and a half hours. According to him, power generation will increase as soon as additional gas is available.
On the other hand, an increase in unannounced load shedding is being seen as the intensity of heat increases across the country. According to various media reports, the power shortfall has reached about 4,000 MW, due to which citizens in various cities are facing difficulties.
