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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

Today Petrol Price In Pakistan [15 August 2023]

Today Petrol Price In Pakistan

Today petrol price in Pakistan is set at Rs 272.95 per liter and Diesel price in Pakistan has been set at Rs. 273.40 per liter.

According to the global trend, the caretaker government of Pakistan is likely to increase the petrol prices till the second fortnight of August 2023. It should be noted that a few days ago the price of crude oil in the world market had reached the highest level of 7 months.

Petrol and Diesel Prices Hiked By Rs 19.95 for August

Media reports have claimed that petroleum prices are likely to increase by Rs 24 per liter in the second half of the month of August. Another shock for the inflation-weary public facing high food prices. Since fuel prices directly affect the transport and agriculture sectors, any increase will further burden the public.

Petrol Price In Pakistan 15 August 2023

As of mid-August, the current price of petrol is Rs 272.95 per liter while high speed diesel is priced at Rs 273.40 per litre. If the government approves the new changes, the price of petrol will go up to around Rs 295 per liter while the price of diesel will go up to around Rs 300 per litre.

Expected price increases will add to existing problems. Because petrol and diesel prices have already increased by around Rs 20 per liter in the last revision. In recent days, the prices of refined petroleum products have increased from $13 to $111 per barrel.

The price of crude oil settled at $85.74 per barrel after a one percent decline in the Brent oil market today. While the price of US crude oil decreased by 1.3% to 82.12 dollars per barrel.

petrol price

Bad News: Will Petrol Be Cheaper In Pakistan From June 1?

Imported Russian oil will take time to impact fuel prices, explains Minister of State for Petroleum Musadik Malik.

Minister of State for Petroleum Musadik Malik said that fuel prices will not fall immediately as a result of cheap oil imports from Russia, but will see a gradual decline once oil supplies from Moscow continue. He added that for now the prices will remain the same.

Govt Has Reduced The Prices Of Ghee And Cooking Oil In Pakistan

In a pre-recorded video message played at the Pakistan Energy Conference 2023, the minister said “Importing oil from Russia is not [just] a promise. It is not just talk. The ships have arrived in Oman and the supply of cheap Russian oil to Pakistan will start in a week.

Asked whether Pakistan would pursue more Russian imports, he said, “If we can find cheap energy sources today, we will go there.”


today Petrol Price In Pakistan

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.

Also read this: Sasta Petrol Scheme | Govt Has Demanded Data Of Registered Motorcycles

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.