Overview
- The Finance Division notified the latest two-week rates effective Nov. 16 based on Oil & Gas Regulatory Authority input and ministry summaries.
- Kerosene rose by Rs9.29 to Rs194.34 per litre and light diesel oil increased by Rs6.82 to Rs170.08 per litre, according to an OGRA notice.
- Goods transporters announced a 4% increase in fares and warned of protest action following the repeated fuel cost hikes.
- Officials pointed to reduced regional diesel availability after maintenance at Kuwaiti refineries, with partial output at Al-Zour reported earlier in the week.
- International oil prices climbed roughly 2% on supply concerns after a drone strike at Russia’s Novorossiysk port, a factor cited in market volatility.