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Tag: today petrol rate in pakistan

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 June 2023

Today Petrol Price In Pakistan

Today Petrol Price In Pakistan has been fixed. Government of Pakistan has updated petroleum prices for June 2023. The new prices will be effective this month till the end of June 2023.

Today Petrol Rate In Pakistan

Today petrol rate in Pakistan is at 262 rupees per liter. Similarly High Speed Diesel price in Pakistan is Rs. 263 per liter. Light Diesel Price is fixed at Rupees 147.68 per liter and Kerosene oil is fixed at 164.07 rupees per liter.

Product Rate Measure
Petrol Rs. 262 Liter
High-Speed Diesel Rs. 253 Liter
Light Diesel Rs. 147.68 Liter
Kerosene Rs. 164.07 Liter

today Petrol Price In Pakistan

Pakistan Revises Petroleum Prices

Government of Pakistan revises petroleum prices every 15 days, the latest revision is on 15 June 2023 with the prices mentioned above. The new rates came into effect from the following day and will remain in place till June 30, 2023.

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

This announcement is of special importance in view of the arrival of Russian oil, the upcoming general elections in Pakistan and the latest situation in the country. Despite the availability of cheap Russian oil, the government has decided not to adopt a populist approach by further reducing petroleum prices.

Furthermore, the arrival of Russian oil in Pakistan is expected to have a significant impact on local prices. Russian oil is quite cheap compared to international market prices. As Pakistan is heavily dependent on petroleum imports to meet its domestic needs. Imports of Russian oil are expected to reduce the country’s oil import bill and lower prices in the domestic market.