Last Updated on October 1, 2024 by Saddam Hassan Khan
The current petrol price in Pakistan is Rs.275.62/Ltr, High Speed Diesel is Rs. 287.33/Ltr and Light Speed Diesel is Rs. 166.86/Ltr.
Prices w.e.f 16-Feb-2024
| Petroleum Type | Old Price | New Price | Difference |
|---|---|---|---|
| Petrol | PKR 272.89 | PKR 275.62 | +2.75 |
| High-Speed Diesel (HSD) | PKR 278.96 | PKR 287.33 | +8.37 |
| Light Diesel Oil (LDO) | PKR 164.83 | PKR 166.86 | |
| Kerosene Oil | PKR 186.86 | PKR 186.86 |
Petrol prices in Pakistan fluctuate due to a variety of factors. These include changes in global crude oil prices, currency exchange rates, taxation, and domestic supply and demand dynamics.
Global crude oil prices have a substantial impact on petrol price in Pakistan, as the country imports the majority of its crude oil. Any shifts in international oil markets, such as changes in production levels by major oil-producing countries or geopolitical tensions that may disrupt supply, can influence petrol price in Pakistan domestically.
Currency exchange rates also play a significant role. Since international crude oil is priced in US dollars, fluctuations in the value of the Pakistani rupee against the dollar directly affect the cost of importing crude oil and refining it into petrol.
Government taxation policies and subsidies further contribute to price volatility. The imposition of taxes like the petroleum levy and general sales tax (GST), as well as alterations in these tax rates made by authorities, can directly impact the final price consumers pay at the pump.
Local supply and demand dynamics also influence petrol prices in Pakistan. Distribution costs, transportation expenses, and domestic consumption patterns all factor into determining retail petrol prices within Pakistan.
Understanding these factors provides insight into why petrol price in Pakistan change over time. Due to this volatility, consumers and businesses often closely monitor these influences to anticipate potential shifts in petrol costs.
Types of Petroleum in Pakistan
Petroleum, often called crude oil, naturally occurs as a liquid below the Earth’s surface. It forms through the gradual decomposition of organic matter over an extended period. This fossil fuel is crucial as it undergoes refining processes in specialized refineries. Additionally, common types of petroleum include:
- Petrol (Super)
- High-speed diesel
- Light-speed diesel
- Kerosene
- Liquified petroleum gas (LPG)
- Compressed Natural gas (CNG)
Petrol Price in Pakistan
Petrol Super, also known as high-octane petrol, is a type of gasoline with a higher octane rating than regular petrol. It is designed for high-performance engines and provides better performance and fuel efficiency. In Pakistan, Petrol Super is available at selected fuel stations and is priced higher than regular petrol due to its superior quality and performance benefits. The petrol price in Pakistan is PKR 275.62, according to the latest updates.
High-speed Diesel Price in Pakistan
High-speed diesel, also known as HSD, is a type of petroleum product used as fuel for diesel engines. It is commonly used in heavy-duty vehicles, like trucks, machinery, and industrial applications, due to its high energy density and efficiency. HSD is derived from the refining of crude oil and undergoes a process to remove impurities and enhance its combustion properties, making it suitable for various high-speed diesel engines. the price of high-speed diesel in Pakistan is PKR 287.33
Light-speed Diesel Price in Pakistan
Light-speed diesel is commonly used as fuel for medium-sized diesel engines due to its high energy density and efficiency. The light-speed diesel price in Pakistan is RS 166.86
Kerosene Oil Price in Pakistan
Kerosene oil, commonly known as kerosene, is a flammable hydrocarbon liquid. It is derived from crude oil through a refining process known as distillation. Kerosene is a versatile fuel that has been used for a variety of purposes. Here are some key aspects of kerosene:
- Fuel: Kerosene is primarily used as a fuel for lamps, stoves, and heaters. It produces a relatively clean and steady flame, making it suitable for lighting and heating applications.
- Distillation: During the refining of crude oil, kerosene is obtained through a process called distillation. Crude oil is heated, and its components are separated based on their boiling points. Kerosene has a boiling point range typically between 150 and 300 degrees Celsius.
- Grades of Kerosene: There are different grades of kerosene, and the specific properties can vary. Aviation kerosene, often known as jet fuel, is a refined form used in aircraft. Lamp or lighting kerosene is a less refined version used for lamps and heaters. The kerosene oil price in Pakistan is PKR 186.86
LPG Price in Pakistan
Liquefied Petroleum Gas (LPG) is a versatile, portable, and clean-burning fuel derived from refining crude oil and natural gas. It consists mainly of propane, butane, or a mixture of both. LPG is commonly used for heating, cooking, and as an automotive fuel. It is stored under pressure as a liquid in cylinders or tanks, and upon release of pressure, it vaporizes into a gaseous form for use. In Pakistan, LPG is widely used in households for cooking and heating purposes due to its convenience and cost-effectiveness. The LPG price in Pakistan is RS 254 per kg
Compressed Natural Gas (CNG) Price in Pakistan
Compressed Natural Gas (CNG) is a readily available alternative to traditional gasoline. It is made by compressing natural gas, predominantly methane, to less than 1% of the volume it occupies at standard atmospheric pressure. CNG can be used as a fuel for internal combustion engines in vehicles and also for other applications, such as powering turbines. In Pakistan, CNG is commonly used as an automotive fuel due to its lower cost and environmental benefits compared to gasoline or diesel.
High-octane Petrol
High-octane petrol, also known as premium or high-performance petrol, contains a higher octane rating than regular unleaded petrol. It is designed for use in high-performance and high-compression engines to prevent knocking and improve overall engine performance.
