PETROLEUM PRICES IN PAKISTAN
Petroleum in Pakistan
The engine of every vehicle is made to run on a certain type of gasoline. This standard aids in extending the engine’s life and improving its performance. Engines may run on a variety of different fuels. Fuel is the lifeblood of every vehicle, whether it’s a car, a motorcycle, or a large truck. The following are the most commonly used fuels in Pakistan:
- Petrol (Super and Hi-Octane)
- Diesel (High Speed and Low Speed)
- Liquid Petroleum Gas (LPG)
- Compressed Natural Gas (CNG)
Petrol Price in Pakistan Today
|High Speed Diesel (HSD)||PKR 293|
|Light Diesel Oil (LDO)||PKR 184.68|
|Kerosene Oil||PKR 189.73|
Affected by Rising Petrol Prices
In recent years, Pakistan’s financial condition has been more turbulent, resulting in unprecedented fluctuations in fuel costs. Pakistan is at a critical juncture in its development, with fast growth and monetary instability.
In Pakistan, the government has announced a fresh price rise of up to Rs30 per liter on petrol, diesel, light diesel, and kerosene oil. Several variables impact petroleum prices, one of which is supply. As a result of OPEC’s reduced supply to other nations, domestic prices have risen as well. Increased transportation and advertising expenses have a substantial influence on gasoline prices, as retail merchants add their profit to the total cost of fuel.
Petroleum Quality In Pakistan
In the past, Pakistan received low-quality gasoline compared to other countries. Pakistan began importing high-quality gasoline with a higher Research Octane Number RON, 92, in 2016. Oil firms are now refining RON or 97petrol.
Hi-Octane Prices in Pakistan
In Pakistan, the Oil and Gas Regulatory Authority (OGRA) is unable to keep Hi-Octane pricing stable. As a result, the price of Hi-Octant in Pakistan varies from one petrol station to the next.
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