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Tag: petrol price in pakistan today 2023

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.

today Petrol Price In Pakistan - Expected fuel prices

Today Petrol Price In Pakistan – 1 December 2023

Good news for citizens of Pakistan. The caretaker government of Pakistan has decided to reduce the prices of diesel in Pakistan from December 1, 2023. It has been decided to reduce the price of diesel in Pakistan by Rs 7 per liter. A notification has been issued in this regard. The caretaker government on Thursday announced to maintain the price of petrol at Rs 281.34 for the next fortnight..

Today Petrol Price in Pakistan

Product Old Price

16-11-2023

 New Price

01.12.2023

 Difference
MS Petrol 281.34 281.34 unchanged
Hi-Speed Diesel 296.71 289.71 -7
Kerosene (SKO) 204.98 201.16 -3.82
Light Diesel Oil 180.45 175.93 -4.52

Petroleum Prices In Pakistan Today

After the reduction in the price of hi-speed diesel in Pakistan by Rs 7 the new price has become Rs 289.71. After the reduction in the price of kerosene by Rs. 3.81, the new price has become Rs. 201.16 per litre.

It should be noted that on November 16, the federal government had reduced the prices of petroleum products by about Rs. 23.

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

petrol price

Expected Petrol Prices In Pakistan After 15 October 2023

Expected Petrol Prices In Pakistan

The people of crisis-hit Pakistan are likely to breathe a sigh of relief as the price of petrol is expected to drop by Rs 35 per liter from October 16, 2023. After the reduction in petrol prices, the expected petrol prices will be Rs 285 per liter in Pakistan.

New Petrol Price in Pakistan

If the reduction in petroleum prices is approved, the price of petrol per liter will be Rs 285.38 and diesel price will be Rs 298.18 from October 16, 2023.

The government currently levies a petroleum development levy of Rs 50 per liter on high-speed diesel. The government can also maintain the price by increasing the levy by Rs 10 per liter as it aims to collect Rs 869 billion through levy during the current fiscal year as per the IMF condition.

Currently, the government levies a tax of around Rs 82 per liter on petrol and Rs 73 on HSD.

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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.

petrol price

Petrol and Diesel Prices Hiked By Rs 19.95 for August

Petrol Diesel Prices In Pakistan Today

The Petrol Diesel Prices In Pakistan were greatly increased today on the terms of the IMF for the month of August 2023.

The federal government has decided to increase the prices of petroleum products in Pakistan by 19 rupees 95 paise per liter. Finance Minister Ishaq Dar made the announcement on Tuesday in line with the commitments made to the International Monetary Fund.

Petroleum Price In Pakistan August 2023

After increase in petroleum prices in Pakistan for the month of August 2023, the new petrol price after increase of 19.95 ruppes is set at Rs. 272.95 per liter. Similarly, after increase of 19.90 rupees, the new diesel price is set at Rupees 273.40 per liter.

Product Existing prices w.e.f 16.07.2023 New prices w.e.f 01.08.2023 Change
Petrol Rs. 253 Rs. 272.95 Rs. 19.95
Diesel Rs. 253.50 Rs. 273.40 Rs. 19.90

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petrol price

Petrol and Diesel Prices Are Likely To Decrease In May

Petrol and Diesel Prices

Ogra has proposed a reduction in petrol and diesel prices in the month of May.

According to petroleum division sources, the price of petrol can be reduced by Rs 7 to 10 per liter while the price of diesel is proposed to be reduced by Rs 8 per liter. OGRA has sent a summary of prices of petroleum products to the government.

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Finance Minister Ogra will consult with the Prime Minister on the recommendations while the final decision on the prices of petroleum products will be taken today.

The new prices of petroleum products for the next 15 days will be applied after 12 pm on May 15. It should be noted that in the last 14 days, the price of crude oil in the Brent oil market had reached 77.44 dollars per barrel.