Petrol Fuel Prices in Pakistan Today
Petrol prices in Pakistan are increasing gradually and are reaching high with the passage of time. Here you can see daily petrol price updates and history in Pakistan. Here petroleum products and new petrol prices in Pakistan today as per 16-12-2022 taken from Ogra and after that Shell, PSO etc.
Current Petrol Prices
After the government announced several hikes in the prices of petroleum products, the current price of petrol in Pakistan is Rs 214.8, high speed diesel is Rs 14.8. 227.8/Ltr and Light Speed Diesel is Rs.169/Ltr. The government usually increases or decreases these rates on the 1st and 16th of every month. CNG price in Region I is Rs. 190/Ltr and in Region-II is Rs. 195/kg.
Fuel Type Old Price New Price Difference
Petrol PKR 224.30 PKR 214.80 -10.00
High Speed Diesel (HSD) PKR 235.30 PKR 227.80 -7.50
Light Diesel Oil (LDO) PKR 186.50 PKR 169.00 -17.5
Kerosene Oil PKR 191.83 PKR 191.83 -10.19
Petroleum in Pakistan
Each vehicle's engine is designed for a specific type of fuel. These details help extend the life of the engine and increase its performance. There are several types of fuel that engines run on. Whether you own a car, a motorcycle or a heavy vehicle, fuel is the blood they need to run. The most common fuels in Pakistan include:
- Petrol (Super and High Octane)
- Diesel (high speed and low speed)
- Kerosene oil
- Liquefied Petroleum Gas (LPG)
- Compressed Natural Gas (CNG)
Fuel prices in Pakistan are subject to change without prior notice to the public and are usually announced on television and online.
Petrol in Pakistan
Petroleum is one of the most widely used vehicle fuels worldwide as well as in Pakistan. It is also known as petrol and is widely available across the country. Petroleum, or gasoline, is obtained by the partial distillation of crude oil. Petrol prices in Pakistan change frequently and can be easily found here. The quality of petroleum is determined by its octane number. Octane number indicates how well the petroleum can resist knocking and provide efficient performance. There are several prominent petroleum suppliers in Pakistan, including Pakistan State Oil, Attock Petroleum Limited, Total Parco, Shell Pakistan, and Hascol Petroleum. These oil refinery companies are responsible for most of the distribution of petrol in Pakistan. For a long time, Pakistan had a low-grade petrol supply in the country while the rest of the world was using better quality fuel in their vehicles. Even the most underdeveloped countries have better quality fuel supply than Pakistan. It was the year 2016 when Pakistan started importing better quality petrol with higher research octane number (RON), 92 to be exact.
Petrol Rate in Pakistan
Petrol prices have always been a topic of discussion in the Pakistani media. Still, there is a lot of misinformation surrounding the petrol pricing process. Several factors play a role in determining petrol prices in the country. Crude oil is used to make gasoline and other petroleum-based products. From the exploration and production of crude oil, to the refining and distribution process, many different industries are involved in providing finished petroleum products. All these industries add their cost to the price of petrol. Above all, the government adds a tax amount to the cost of fuel. The international market rate of oil also plays a big role within Pakistan. Oil prices also fluctuate based on the value of the rupee in the international market. Due to depreciation of rupee since 2018, oil prices have also increased for Pakistan in the international market. In 2021, the government of Pakistan tried to control petrol prices in the country by reducing the tax margin. Although successful, the tactic was not a long-term fix. Such problems are common to developing countries like Pakistan that are heavily dependent on imported oil. This increases the price of oil and makes it difficult for consumers to buy petrol. The Oil and Gas Regulatory Authority (OGRA) controls the prices of petrol in Pakistan. Ogra has a practice of revising fuel prices twice every month. New prices are announced on the 15th and last day of every month and are generally applicable for the next 15 days. Additionally, the cost of gasoline varies in different parts of Pakistan. Petroleum prices in Pakistan are directly related to the global changes in oil and gas.However, they are also impacted by a wide range of other regional elements, like the availability of petroleum resources in the nation, the state of the economy, political unrest, etc. As a result, people witness frequent fluctuations in fuel prices.
Petrol price archives
Date Petrol Price (PKR)
16 December 2022 214.80
November 16, 2022 224.48
01 November 2022 224.48
16 October 2022 224.48
01 October 2022 224.48
22 September 2022 237.43
01 September 2022 235.98
August 15, 2022 233.91
01 August 2022 227.19
15 July 2022 230.34
01 July 2022 248.74
June 16, 2022 233.89
03 June 2022 209.86
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