Petrol Rates in Pakistan

Diesel and Petrol Price in Pakistan

Today’s Petrol Rate in Pakistan

Petrol prices decreased in Pakistan.

Current Petrol Price in Pakistan is Rs. 288.49/Ltr, High-Speed Diesel is Rs. Rs 281.96/Ltr, and Light Speed Diesel is Rs 166.86/Ltr.

Today, the petrol rate in Pakistan is set by multiple factors. Major factors involve the cost of unrefined oil. Fundamental raw material prices vary for all petroleum products. This includes related expenses linked to refining, distribution, marketing, profits, and fuel taxes. Governments in developing nations, such as Pakistan, give subsidies on fuel prices. It is a decision encouraged by the goal of simplifying the financial stress on the public. The government’s economic capabilities also affected the petrol rate today in Karachi.

Check out the petrol rate today, Karachi, applicable from May 1st, 2024.

Within the context of Pakistan, the federal government offers valuable subsidies. They allow millions of rupees to balance petrol rates as a relief for the citizens. Despite all those serious efforts, Pakistan is weak in a proper strategy for providing fuel subsidies. It handles policy challenges. The government must establish a systematic and sustainable approach to subsidize fuel costs. On the other hand, various Asian countries, including China, have well-defined systems for managing subsidies. They include them in their annual financial budgets. Our government should implement this practice to ensure a more organized and everlasting approach.

Diesel and Petrol rates in Pakistan

Following successive government announcements of increases in petroleum product prices, today the petrol rate in Pakistan per liter is Rs. 288.49, High-Speed Diesel rate is Rs. 281.96/Ltr, and Rs 166.86/Ltr for Light Speed Diesel. Adjustments to these rates occur on the 1st and 16th day of each month. Furthermore, CNG prices stand at Rs. 200/Ltr in Region-I and Rs. 200/Kg in Region II.

Today, the petrol rate is in Pakistan

Today, the petrol rate in Pakistan is continuously decreasing, reaching new balance highs. Stay well-informed with daily updates and historical data about the petrol rates in Pakistan. This complete guide provides information on different petroleum products. The petrol rate today in Karachi is obtained from Ogra and applied with data from leading providers such as Shell and PSO.

Types of Petroleum in Pakistan

Petroleum is known as fueling oil. It is a naturally creating liquid located under the Earth’s surface, resulting from the progressive decomposition of organic matter. This fossil fuel bears importance as it undergoes refining processes in specialized facilities. Moreover, different categories of petroleum include:

• Petrol (Super)
• High-speed diesel
• Light-speed diesel
• Kerosene
• Liquified petroleum gas (LPG)
• Compressed Natural gas (CNG)

Let’s explore the current petrol price in Karachi for each petroleum type, ensuring consumers are informed about today’s petrol rate in Pakistan and updates for these important energy sources.

Petrol (Super) Price in Pakistan

Referred to as “super,” this type of petrol boasts a higher octane rating, ensuring exceptional engine performance. Widely utilized in motorcycles and cars, it stands out for its superior qualities. As of today, the petrol rate in Pakistan is recorded at Pkr 288.49. Stay informed about the latest developments in fuel pricing for this top-tier option.

High-Speed Diesel Price in Pakistan

High-speed diesel, customized to fuel commercial vehicles, is engineered to move them beyond 7500 RPMs. It is a preferred option for heavy-duty cars, trucks, and buses. Notably, the current price of high-speed diesel in Pakistan is now set at PKR 281.96. This showcases a simple decrease of Rs 8.42. Keep yourself updated on diesel pricing changes for valuable insights. Heavy-duty vehicles depend on this fuel for powerful and efficient performance in commercial operations.

Light Speed Diesel Price in Pakistan

Light-speed diesel, designed for medium-sized vehicles requiring higher power. In Pakistan, it currently carries a price tag of RS 166.86, showing a reduction of RS 0.00. It is adapted for improved performance; this diesel variant provides vehicles with greater energy demands. It offers an ideal balance between efficiency and affordability in the dynamic fuel market.

Kerosene Oil Price in Pakistan

In Pakistan’s petroleum industries, there is a major demand for kerosene oil. It is primarily utilized to power small machines and equipment. The current price for kerosene oil in Pakistan is PKR 186.86, showing a notable decrease of Rs. 0.00. Stay aware of these changes for informed decision-making in fuel usage and industry practices.

LPG Price in Pakistan

Pakistan depends on imported Liquefied Natural Gas (LNG), which serves as the source of Liquefied Petroleum Gas (LPG). LPG plays a dual role, serving as both a vehicle fuel and meeting household natural gas requirements. As of May 2nd, 2024, the price of liquid petroleum in Pakistan stands at RS 257 per kg. Stay informed about the variable applications and pricing of this essential energy source.

Compressed Natural Gas (CNG)

Compressed Natural Gas (CNG) is obtained basically from methane-rich natural gas. It serves as an environmentally conscious alternative fuel. Subjected to compression for compact storage and transport at pressures of 3,000 to 3,600 psi. CNG comes as a cleaner and economically advantageous choice over diesel fuel.

High Octane Price in Pakistan

Pakistani high-octane petrol ranks among the world’s costliest petroleum products. It is due to its exceptional quality and performance advantages. Note that OGRA doesn’t regulate high-octane petrol rates in Pakistan, resulting in variations at different petrol pumps.

Highest Petrol Rate in Pakistan

In January 2023, the highest Petrol rate in Pakistan hit Rs 331.38 per liter. It sometimes nears Rs 230, driven by global demand. Petrol Prices in Karachi vary at different petrol pumps. Stay informed about real-time changes.

Euro Fuel Emission Standards in Pakistan

Pakistan has formally approved the Euro V emission standards to improve the performance of the vehicles. It helps to create a greener environment for future generations. Although previously adopted Euro II standards in 2012, skipping Euro III and Euro IV, the country has now transitioned to Euro V in 2020, an important leap from the outdated Euro II. While many nations adopted Euro VI standards in 2014, the global shift to Euro VII is awaited around 2025.

Petrol rates – 2018 and Beyond

The cost of oil in Pakistan has gone up and down because of changes in the value of the Rupee in the international market since 2018 when the Rupee became less valuable. In 2021, the government tried to stabilize the Petrol rate in Pakistan by reducing taxes, but it was only a short-term solution. This happens a lot in developing countries like Pakistan, which have to buy a lot of their oil from other countries. This makes oil prices higher, and it’s harder for people to buy petrol. The Oil and Gas Regulatory Authority (OGRA) in Pakistan decides on petrol rates and changes them twice a month, on the 15th and the last day of each month.

Historical Background of Petrol Rates in Pakistan

In the 1990s, people mainly used regular fuels in their cars until CNG became popular. Boosting cars with fuel was seen as easy, but Petrol rates have been consistently rising since then. During Zardari’s rule, petrol rates in Pakistan peaked, while they were pretty low at the end of Nawaz Sharif’s term. Government instability appeared due to the meantime constitution.

Since then, petrol prices have remained steady. The Oil and Regulatory Gas Authority (OGRA) determines current and future oil prices. Petrol rates in Pakistan vary based on factors like the country’s economy, geopolitics, and government policies.288.49