The unstable cost of petrol is a significant element which is truly impacting Pakistan’s economy, including transportation and manufacturing. People can review the details of fuel prices in Pakistan by checking the interplay between international oil market forces, local regulations, and consumer habits. However, being a vehicle owner, it is crucial for you to be well aware of the petrol prices so that you plan your trip accordingly. So, if you are wondering about the what is the diesel and petrol price in Pakistan today increase, then check out in this post.
Diesel and Petrol Price in Pakistan Today
Current and Latest Petrol Price in Pakistan is Rs. 254.63/Ltr, High Speed Diesel is Rs. 258.64/Ltr and Light Speed Diesel is Rs 155.81/Ltr.
| Petroleum Type | Old Price | New Price | Difference |
| Petrol prices | PKR 255.63 | PKR 254.63 | -1.00 |
| High Speed Diesel prices (HSD) | PKR 258.64 | PKR 258.64 | -0.00 |
| Light Diesel Oil (LDO) | PKR 161.06 | PKR 155.81 | -5.25 |
| Kerosene Oil prices | PKR 174.06 | PKR 171.65 | -3.20 |
Types of Petroleum in Pakistan
Petroleum is usually called crude oil. It is a naturally existing liquid beneath the Earth’s surface. Moreover, fossil fuel is essential as it undergoes refinement processes in specialized refineries. However, if you are seeking kinds of petroleum in Pakistan, then check out the following:
- Petrol (Super)
- High-speed diesel
- Light-speed diesel
- Kerosene
- Liquified petroleum gas (LPG)
- Compressed Natural gas (CNG)
Without further ado, let’s explore the latest fuel rate in Pakistan for these various types of petroleum, which are currently a little bit low than the previous rate.
Petrol (Super) Price in Pakistan
Petrol (Super), also known as high-octane petrol, is a premium fuel designed to enhance engine performance. With a higher octane rating, it ensures smoother combustion and is widely used in both bikes and cars. As of the latest update, the price of Super Petrol in Pakistan stands at PKR 254.63 per liter.
High-Speed Diesel Price in Pakistan
High-Speed Diesel (HSD) is the go-to fuel for commercial vehicles, enabling them to achieve high RPMs (up to 7500 RPM). It is particularly suited for heavy-duty vehicles such as trucks, buses, and industrial machinery. The current price of High-Speed Diesel in Pakistan today is PKR 258.64 per liter.
Light Speed Diesel Price in Pakistan
Light Speed Diesel (LSD) is commonly used in medium-sized vehicles that require more power than regular personal vehicles. It is a cost-effective option for certain industrial and agricultural applications. The price of Light Speed Diesel in Pakistan is currently PKR 155.81 per liter.
Kerosene Oil Price in Pakistan
Kerosene oil is a versatile fuel widely used in Pakistan for powering small machines, generators, and heating equipment. It is also a popular choice in rural areas for lighting and cooking. The current price of kerosene oil in Pakistan is PKR 171.65 per liter.
LPG Price in Pakistan
Liquefied Petroleum Gas (LPG) is a byproduct of natural gas and crude oil refining. In Pakistan, LPG serves dual purposes: it is used as a vehicle fuel and as a household energy source for cooking and heating. As of December 1, 2023, the price of LPG in Pakistan is PKR 254.86 per kilogram.
Compressed Natural Gas (CNG) Price in Pakistan
Compressed Natural Gas (CNG) is a cleaner and more affordable alternative to traditional fuels. It is primarily composed of methane and is compressed to high pressures (3,000 to 3,600 psi) for storage and transportation. CNG is widely used in vehicles across Pakistan due to its cost-effectiveness and environmental benefits. While CNG prices vary, they are generally lower than diesel and petrol prices.
High Octane Petrol Price in Pakistan
High Octane Petrol is a premium fuel known for its superior quality and performance benefits. It is ideal for high-performance vehicles that require efficient combustion and enhanced engine power. However, it’s important to note that the Oil and Gas Regulatory Authority (OGRA) does not regulate High Octane Petrol prices. As a result, prices may vary significantly across different petrol pumps in Pakistan.
Highest Petrol Rate in Pakistan’s History
Pakistan has witnessed significant fluctuations in petrol prices over the years. The highest recorded petrol price in the Pakistan history was PKR 331.38 per liter on September 16, 2023. However, prices have since stabilized, hovering around the PKR 230-260 range depending on global oil demand and market conditions.
5 Reasons Behind Petrol Price in Pakistan Increase
Petroleum prices in Pakistan significantly increase or decrease. However, this uncertainty has contributed badly to the country’s economic condition. However, despite uncertainty, there are several other reasons behind the increase in the price of petrol, such as:
1: International Crude Oil Prices
There is no doubt that the international crude oil cost is one of the reasons behind the rise in current fuel price in Pakistan. However, factors like economic conditions, supply, and demand for goods influence the petrol diesel price and latest price of petrol in the country.
2: Exchange Rates
Exchange rates are yet an essential factor which can’t be ignored as they impact the petrol rate in Pakistan because the cost of crude oil is measured in US dollars. You might be well aware that the demand for local currency in relation to the US dollar is directly related to the demand for local currency. So, if the local currency devalues, then the petrol price will automatically increase.
3: Taxes
Taxes are a crucial factor that leads to an increase in the petrol price. The government imposes taxes on petrol rates in order to upsurge overall revenue.
4: Refining Cost
The refining cost of converting crude oil into petroleum is yet another vital factor that has led to an increase in the price of petrol in Pakistan.
5: Distribution Cost
Most of the time, distribution costs people heavily. As a result, the distance between the retail source and the refining firm directly affects the fuel rates.
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