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Tag: petrol and diesel price in pakistan

petrol price

Petrol Price is likely to increase by Rs 7 from February 1 in Pakistan

Before the elections, the petrol price in Pakistan is likely to increase by rupees 7 from February 1, 2024. The caretaker government will revise oil prices from January 31. Oil prices will be adjusted as per OGRA’s recommendation.

Expected Petrol Prices

In Pakistan, the price of petrol is expected to increase by 8 to 11 rupees and the price of high speed diesel by 2 to 7 rupees per liter from February 1. The price of light diesel is likely to increase by Rs 1 per liter while the price of kerosene is likely to decrease by Rs 1 50 paise per litre. It is also being indicated that the prices of kerosene and light diesel will remain unchanged for the next fortnight.

Petrol Price In Pakistan Today

Products Today Petrol Price
MS (Petrol) Rs 259.34
High Speed Diesel (HSD) Rs 276.21
Kerosene oil Rs 186.86
Light diesel oil Rs 164.83

It should be remembered that the government had reduced the prices of petroleum products by Rs. 8 from January 15.

According to the report, the caretaker government will revise the prices of petroleum products from January 31 to February 15, 2024. Petrol and diesel prices are likely to increase by Rs 7 per liter from January 31, but OGRA has not yet sent any proposal regarding the prices of petroleum products. The price revision of petroleum products will be done as per the recommendations of OGRA.

 

Today petrol prices in Pakistan 2023

Petrol Prices Have Been Reduced In Pakistan For December

Pakistan Petrol Prices

The Caretaker Government of Pakistan has decided to reduce the prices of petrol in Pakistan from 16 December 2023, It has been decided to reduce the price of petrol by Rs 14 per liter and diesel price by Rs 13.50 per litre. A notification has been issued in this regard. The reduction in the prices of petroleum products will be implemented from 12 pm today.

As per the revised prices, petrol is now retailing at Rs 267.34 per litre, while HSD is Rs 276.21. This double-digit reduction translates to a nearly 5% drop in fuel prices, a welcome change for consumers battling inflation and rising living costs.

Today Petrol Price In Pakistan – 1 December 2023

The prices of Kerosene Oil (SKO) and Light Diesel Oil (LDO) have also been reduced by Rs 10.14 and Rs 11.29 per liter respectively. After the price cut, SKO has settled at Rs 191.02 and LDO has settled at Rs 164.64.

Product Old Price New Price Difference
MS Petrol 281.34 267.34 -14.00
Hi-Speed Diesel 289.71 276.21 -13.50
Kerosene (SKO) 201.16 191.02 -10.14
Light Diesel Oil (LDO) 175.93 164.64 -11.29

Prices depend on current tax rates and import prices, which are mainly due to fluctuations and increases in international oil prices.

The caretaker government’s decision to pass on the benefit of international prices to consumers is a positive step towards providing relief in these tough economic times. It demonstrates the administration’s commitment to fiscal responsibility and its understanding of the challenges faced by the people of Pakistan.

petrol price

Petrol and Diesel Prices In Pakistan Reduced For The Next Fortnight

Petrol and Diesel Prices In Pakistan

In a relief to the inflation-stressed public, Pakistan’s caretaker government on Saturday cut the price of Petrol and Diesel for the next fortnight, for the first time in two-and-a-half months.

The government has reduced the price of petrol by 8 rupees, while the price of diesel has been reduced by 11 rupees, after which the new price of fuel will be 318.18 rupees per litre. The new commodity prices have come into effect from midnight today.

Product Old Prices New Prices Difference
Petrol 331.38 323.38 -8
Diesel 329.18 318.18 -11

The government has also reduced the price of kerosene by Rs 7.53 per liter to Rs 237.28 and the price of light diesel oil by Rs 7.77 to Rs 212.45 per litre. Commodity prices were last seen falling in mid-July when petrol fell by Rs 9 to Rs 253 and diesel by Rs 7 to Rs 253.50 per litre.

What Is Real Price of Petrol In Pakistan Without Govt Tax?

The finance ministry said in a statement that the decision to cut the prices of petroleum products was taken after the appreciation of the Pakistani rupee and the fall in POL prices globally.

petrol price

Today Petrol and Diesel Price In Pakistan 16 September 2023

Petrol and Diesel Price In Pakistan

The caretaker government of Pakistan has decided to increase the prices of petroleum products from September 16, 2023. It has been decided to increase the price of petrol in Pakistan by 26 rupees 2 paise per liter. Diesel price increased by 17 rupees 34 paise per liter, notification issued.

According to the notification, the new prices will be applicable from tonight. What will happen after the increase in the prices of petroleum products?

Product Old Price New Price Difference
MS Petrol Rs. 305.36 Rs. 331.38 Rs. 26.02
Hi-Speed Diesel Rs. 311.84 Rs. 329.18 Rs. 17.34

The government has already increased the prices of petrol and high-speed diesel by around Rs 33 on September 1, 2023. International Monetary Fund (IMF) loan conditions forced the government to pass on the burden of rising commodity prices to the public.

The price increase is based on current tax rates and import parity prices, mainly due to currency fluctuations and marginal increase in international oil prices.

It should be noted that the government is charging a levy of Rs 2 per liter on petroleum. Rs 55 per liter on petrol and Rs 50 per liter on high speed diesel. A possible increase in their prices may affect inflation in October.

petrol price

Today Petrol Price In Pakistan – 1 September 2023

Petrol Price In Pakistan

The government of Pakistan has decided to increase the prices of petroleum products from September 1, 2023. In Pakistan, it has been decided to increase the price of petrol by 14 rupees 91 paisa per liter and the price of diesel by 18 rupees 44 paisa per liter, notification issued.

The new prices will be applicable from tonight, according to the notification. What will happen after the increase in the prices of petroleum products?

Product Old Price New Price Difference
MS Petrol Rs. 290.45 Rs. 305.36 Rs. 14.91
HI-SPEED DIESEL Rs. 293.40 Rs. 311.84 Rs. 18.44

According to the notification issued by the Finance Minister, the price of petroleum in the international market has increased during the last fortnight. As a result, consumer prices in Pakistan are also being revised. Prices of petroleum products w.e.f. So 1st September 2023 will be as follows.

What Is Real Price of Petrol In Pakistan Without Govt Tax?

The government has already increased the prices of petrol and high-speed diesel by around Rs 37 on August 15, 2023. International Monetary Fund (IMF) loan conditions forced the government to pass on the burden of rising commodity prices to the public.

پچھلے پانچ سالوں میں ڈالر کے مقابلے میں روپیہ کتنا کمزور ہوا ہے؟

It should be noted that the government is charging a petroleum levy of Rs 2 per litre. Rs 55 per liter on petrol and Rs 50 per liter on high speed diesel. A possible increase in their prices may affect inflation in September.

petrol price

Price Of Petrol In Pakistan Has Reached Close To Rs. 300

Price Of Petrol In Pakistan

Government’s decision to increase the prices of petroleum products. Decision to increase the price of petrol in Pakistan by Rs 17.50 per liter and the price of diesel by 20 rupees per liter, Notification issued.

The new prices will be applicable from 12 AM tonight, Notification. What will petroleum prices be after the increase?

Product Old Price New Price Difference
PREMIER EURO 5 Rs. 272.95 Rs. 290.95 Rs. 17.50
HI-SPEED DIESEL Rs. 273.40 Rs. 293.40 Rs. 20

According to the nofiticaiton issued by finance minister, Pertoleum prices in the international market have increased during the last fortnight. As a result the consumer prices in Pakistan are also being revised. The prices of Petroleum products w.e.f. 16th August, 2023 will therefore be as follows.

Today Petrol Price In Pakistan [15 August 2023]

The government has already increased the prices of petrol and high-speed diesel by around Rs. 20 from August 1, 2023. International Monetary Fund (IMF) loan conditions forced the government to pass on the burden of rising commodity prices to the public.

It should be noted that the government is charging a petroleum levy of Rs. 55 per liter on petrol and Rs. 50 per liter on high-speed diesel. A possible increase in their prices may affect inflation in August.

today Petrol Price In Pakistan - Expected fuel prices

Petrol Price In Pakistan Is Ready To Adjust On April 30, 2023

Petrol Price In Pakistan on April 30, 2023

Pakistan is ready to adjust petrol prices on April 30, 2023, which maintains current exchange rates and maintains current oil prices in international markets. With the next review of the first half of May 2023 this month, The petrol price in Pakistan is changed every two weeks.

In the past one year, international oil prices have seen a massive decline. For example, The benchmark Brent crude oil fell by 18.51 percent from $96.07 per barrel on April 25, 2022, to $78.29 by April 25, 2023. On the contrary, fuel prices have increased by more than 100 % in domestic markets. For example, a sensitive price indicator (SPI) inflation report released by PBS for the week ended on April 13, 2023 shows that diesel prices have increased by 102.84 % and Petrol has increased by 81.17 %.

The decline of Pakistani rupee against the dollar is an important factor behind the increase in petroleum prices in domestic markets. A year ago, the same day, compared to the Pakistani Rupees 185.92, by 20 April 2023, the local currency declined by 52.47 % by 283.47.

Experts believe that despite the recent drop in international oil prices, the government may not be in a position to reduce local prices due to the need to reduce rupee and generate income. As a net importer of petroleum products to meet local demand, no change in exchange rates and international oil prices can affect domestic prices.

For example, imports of petroleum products decreased by 20 % during the first nine months (July March) of the current fiscal year 2022-2023, which fell from $ 7.287 billion to $ 7.836 billion during the same period of the last financial year. Is. The current financial year, according to data released by the Pakistan Bureau of Statistics (PBS).

Earlier, the government had increased petroleum prices on April 15, 2023, citing international oil prices and exchange rates in the second half of this month. For example, the new price of petrol is Rs. 282 per liter, which was efficient from April 16, 2023, at a former price of Rs. 272 per liter. The price of kerosene has also increased by Rs. 5.78 to Rs. 186.07 per liter from Rs. 180.29. However, prices of high -speed diesel and light diesel oil have not changed to Rs. 293 and Rs. 174.78 respectively.

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Nevertheless, the government has assured the public that they are working on a scheme to provide petroleum products to low income groups at subsidized rates. Minister of State for Petroleum Mr. Musadik Malik recently said that various suggestions are being considered, such as the use of Benazir Income Support Program (BISP), issuing specific subsidy cards, or create a One Time Password (OTP) for the ease of the eligible citizens.