Today Petrol Price in Pakistan
Petrol prices in Pakistan is crucial for individuals and businesses ever. As the price of petroleum affects various and all aspects/ things of daily life, including development, transportation, manufacturing and commodity prices, staying update of the current petrol prices is important. Petroleum prices in Pakistan are fluctuating due to global market instability with geopolitical factors, and government policies. Monitoring the petroleum price in Pakistan today, we informed you decisions regarding fuel prices, and financial plannings. Stay updated on the latest petrol prices in Pakistan to navigate the ever-changing fuel landscape effectively. List of Fuels that are common using in Pakistan :
- Petrol (Super and Hi-Octane)
- Diesel (High Speed and Low Speed)
- Liquid Petroleum Gas (LPG)
- Compressed Natural Gas (CNG)
New petrol price in Pakistan is Rs. 283.38 changed on 16 Oct 23.
|Date||Petrol Price (PKR)|
|October 16, 2023||283.38|
Without any prior notice to the public and are announced on television and online fuel prices in Pakistan are very difficult.
Fuels in Pakistan
Petroleum is one of the most consumption fuels for vehicles around the Pakistan. It is also known as gasoline is available massive across the country. Petroleum, or gasoline, is obtained through fractional distillation of Crude Oil. Petrol prices in Pakistan frequently change and can be found here easily.
Diesel Price in Pakistan Today
It is also obtained from petroleum but is specifically suited to diesel engines. It is another popular form of fuel used widely across Pakistan. Diesel provides value-for-money and enhanced acceleration. It is an ideal fuel for trucks, buses, trains, etc. Diesel prices in Pakistan can be found on this page.
Compressed Natural gas (CNG)
CNG is an environment-friendly fuel option that contains compressed methane gas. It is usually cheaper than petroleum and diesel and is an affordable alternative. It is most suitable for buses, vans, trucks as well as passenger cars if boot space is not compromised.
Liquid Petroleum Gas (LPG) & Kerosene
LPG and kerosene are least likely to be used as vehicle fuels but are still used in some specific vehicles.
Oil Prices in Pakistan
Petroleum is one of the most common fuels for vehicles around the world as well as in Pakistan. It is also known as gasoline and is available widely across the country. Petroleum, or gasoline, is obtained through fractional distillation of crude oil. Petrol prices in Pakistan frequently change and can be found here easily.
The quality of petroleum is determined with the help of its Octane number. The octane number shows how well the petroleum can resist knocking and provide efficient performance. There are several reputable petroleum providers in Pakistan, which include Pakistan State Oil, Attock Petroleum Limited, Total Parco, Shell Pakistan, and Hascol Petroleum. These oil refinery companies are responsible for the majority of petrol distribution in Pakistan.
High Octane Price in Pakistan
High Octane Petrol Price in Pakistan Today: Among the highest petrol prices in the world, Pakistan’s high octane petrol commands a significant price due to its superior quality and performance benefits. Stay updated with the latest prices to make informed fuel choices.
NOTE: OGRA does not control Hi-Octane petrol prices in Pakistan. Thus, Hi-Octane prices vary across different Petrol Pumps.
Euro Fuel Emission Standards in Pakistan
Pakistan has officially adopted the Euro-V emission standards to improve the performance of vehicle engine. Previously, Pakistan adopted the Euro II Emission Standards back in 2012, when Euro II was already outdated. Now, Pakistan has skipped Euro III and Euro IV to adopt Euro V standards in 2020 which was actually introduced in 2009 in other countries. Currently many countries are following Euro VI Emission Standards since 2014, and would switch to Euro VII which is expected around 2025.
Petrol Rate in Pakistan 2023
Petrol prices have always been a topic of frequent discussion in the Pakistani media. Still, there is a lot of misinformation that surrounds the process of price determination of petrol. There are several factors which play a role in setting petrol prices in a country.
Petrol and petroleum products are derived from crude oil. Starting from the exploration and production of crude oil, to the refinement and distribution process, several different industries are involved in providing the finished product of petrol. All of these industries add their incurred costs to the price of petrol. On top of all that, the government adds tax money to the price of fuel.
Within Pakistan, the international oil market’s rate also plays a huge role. Based on the value of the Rupee in the international market, the oil prices also fluctuate. Since 2018, due to the devaluation of the Rupee, the oil prices in the international market have also increased for Pakistan.
In 2021, the government of Pakistan tried to regulate petrol prices in the country by decreasing the tax margin. Although effective, the strategy was not a long-term solution. Issues like this are common for developing countries like Pakistan that highly rely on imported oil. This leads to inflation in the oil prices and makes it difficult for consumers to buy petrol.
The Oil and Gas Regulatory Authority (OGRA) controls the petrol rates in Pakistan. OGRA has a practice of revising all fuel prices twice a month. The new prices are announced on the 15th and the last day of each month and usually remain in effect for the next 15 days. Moreover, petrol prices are different in different areas and regions of Pakistan.
The petroleum prices in Pakistan are directly related to the global transformations of oil and gas. However, they are also affected by many other local factors such as the supply of petroleum resources in the country, economic conditions, political instability, etc. As a result, the public witnesses frequent ups and downs in the fuel prices.
Highest Petrol Price in Pakistan:
The highest petrol price in Pakistan history was Rs 331.38 per litre in January 2023. Though it also occasionally looms around the 230 mark whenever petroleum products are in high demand globally, as is the case these days.