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Tag: Petrol 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.

 

petrol price

Petrol price in Pakistan reduced by 8 rupees from January 16, 2024

Petrol price in Pakistan

The caretaker government of Pakistan has reduced the price of petrol by Rs 8 per liter for the next fortnight from Monday. The new price was fixed at Rs 259.34 per litre. However, there was no change in the price of diesel.

Products Old Price New Price Difference
MS (Petrol) Rs 267.34 Rs 259.34 Rs -8
High Speed Diesel (HSD) Rs 276.21 Rs 276.21 Rs 0
Kerosene oil Rs 188.83 Rs 186.86 Rs. -1.97
Light diesel oil Rs 165.75 Rs 164.83 Rs. -0.92

In the latest revision, the prices of kerosene and light diesel oil have been reduced by Rs 1.97 and Rs 0.92 per liter respectively.

OGRA Petrol Prices in Pakistan from January 1, 2024

It may be recalled that in the last fortnight, the government had kept the prices of petrol and diesel at Rs 267.34 and Rs 276.21 per liter respectively.

Kerosene oil price decreased by Rs 2.19 to Rs 188.83 per liter while light diesel oil was sold at Rs 165.75. Because the government has increased the prices of commodities by 1.11 rupees.

 

today Petrol Price In Pakistan - Expected fuel prices

OGRA Petrol Prices in Pakistan from January 1, 2024

Petrol Prices In Pakistan

The caretaker government of Pakistan has decided to maintain the prices of petrol and high speed diesel (HSD) till the first fortnight of the new year 2024.

As per the current prices, petrol will now be sold at Rs 267.34 per litre, while high speed diesel will be priced at Rs 276.21 per litre from January 1st, 2024.

Product New Prices
MS Petrol 267.34
Hi-Speed Diesel 276.21
Kerosene (SKO) 191.02
Light Diesel Oil (LDO) 164.64

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 aimed at providing relief in these tough economic times. It demonstrates the administration’s commitment to fiscal responsibility and its understanding of the challenges facing the people of Pakistan.

 

petrol price

Petrol And Diesel Prices Are Likely To Cheaper From November 15

Petrol And Diesel Prices

The government has indicated the possibility of making petrol and diesel cheaper in the country. According to media reports, the prices of petrol and high-speed diesel in Pakistan may be reduced by 8 to 10 rupees per liter from November 15 due to the fall in oil prices in the global market.

Currently, the price of crude oil in the world market has decreased by 4% since July to reach the lowest level of 78 dollars per barrel. Therefore, it is expected that after the reduction in prices in the global market, the people of Pakistan will also get relief on petroleum products.

It should be noted that on November 1, the federal government had announced to maintain the prices of petroleum products. In which it was said that there will be no change in petrol and diesel prices from November 1 and the current price of petrol and diesel will remain unchanged for the next 15 days.

Expected Petrol Price In Pakistan On 1st November 2023

Petroleum Price In Pakistan Today

Currently, the price of petrol in the country is Rs 283.38 per litre. The price of high speed diesel is Rs 303.18 per litre. The price of kerosene was reduced by Rs 3.82 per liter on November 1, the new price is Rs 211.3 per litre. On November 1, the price of light diesel oil was also reduced by Rs 3.40 paise per liter after which the new price of light diesel has been fixed at Rs 189.46 per litre.

Gas Cylinder Price In Pakistan

Similarly, on November 1, the Oil and Gas Regulatory Authority announced a reduction in the price of an 11.8 kg domestic cylinder of LPG by Rs 117.47. According to the notification issued by OGRA, the price of LPG has been increased by Rs 10 per kilo from November 1, resulting in a reduction of Rs 117 in the price of a domestic cylinder and Rs 452 in the price of a commercial cylinder.

 

 

Today petrol prices in Pakistan 2023

Expected Petrol Price In Pakistan On 1st November 2023

Expected Petrol Price In Pakistan

One question in everyone’s mind is what will be the expected price of petrol in Pakistan from November 1, 2023. Let us tell you that the prices of petroleum products are expected to decrease or remain unchanged.

The interim government is likely to reduce or maintain the prices of petroleum products. Earlier there were speculations of Rs 15 to 20 per litre.

The caretaker prime minister will take the final decision today. Profits of oil companies and dealers are also likely to increase.

Today Petrol and Diesel prices in Pakistan (31-10-2023)

Product Price
MS Petrol Rs. 283.38
Hi-Speed Diesel Rs. 304.05

today Petrol Price In Pakistan - Expected fuel prices

Petrol and Diesel Prices are Likely To Increase From November 1

The price of petrol in Pakistan is likely to increase by Rs 3.55 per litre. While the price of diesel may increase by 0.82 rupees per liter. On October 16, the caretaker government had reduced the price of petrol by Rs 40 and diesel by Rs 15 per litre.

However, due to the increase in oil prices at the global level, there is a possibility of an increase in the prices of petrol and diesel in Pakistan as well. It should be noted that international petrol and diesel prices have increased by $3.14 and $1.14 per barrel respectively. On the other hand, due to the tension in the Middle East in the global market, rising oil prices have stopped.

Solar Panel Prices In Pakistan Have Declined As The PKR Strengthened

According to foreign media reports, the price of British crude oil fell below the level of 90 dollars and the price of American crude oil fell below the level of 84 dollars per barrel after fears of a decrease in the supply of oil in the world market.

Oil prices fell by more than two percent. It has been reported that the price of British crude oil per barrel is trading at the level of 88 dollars while the price of American crude oil is trading at the level of 83 dollars. It should be noted that until a few days ago, the price of crude oil in the world market reached the level of 80 dollars per barrel.

However, due to the tense situation in the Middle East, there were fears that the supply of oil in the world market would be affected. After which oil prices increased significantly and by last week the prices went above the level of 90 dollars per barrel.

It should also be remembered that until a few weeks ago, due to the balance of oil supply and demand in the world market, the price of oil per barrel had fallen to the level of 65 dollars.

However, Saudi Arabia announced a reduction in oil production, due to which the prices of crude oil in the world market started to fly high again. Experts were predicting that by the end of this year, the price of oil per barrel could go up to 100 dollars.

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 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

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.