PETROLEUM PRICES

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)
  • Kerosene
  • Liquid Petroleum Gas (LPG)
  • Compressed Natural Gas (CNG)

Petrol Price in Pakistan Today

PRODUCTPRICES
PetrolPKR 227.19
High Speed Diesel (HSD)PKR 244.95
Light Diesel Oil (LDO)PKR 230.26
Kerosene OilPKR 211.43

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.


READ MORE NEWS…


2022 Car Prices (12) 2022 CARS (17) 2022 News (25) 2022 Pakistan News (9) 2022 Tech News (14) apple (6) automobile (10) Automotive Blogs (8) Automotive News (36) Automotive News Pakistan (19) Auto Sector (13) Blogs (8) car news (25) Car Prices (10) car prices 2021 (7) cars (44) cars 2021 (11) cars of pakistan (47) changan (7) electric cars (11) entertainment news (9) F1 (12) Honda (7) honda pakistan (6) Hyundai (9) hyundai pakistan (7) KIA (6) mg (9) MG Pakistan (11) new cars (31) news (62) news 2021 (6) news pakistan (16) pakistan automotive news (12) Pakistan Government (19) Pakistan News (19) price list (8) proton (12) proton pakistan (14) suv (6) suzuki (11) Suzuki Pakistan (8) Tech News (15) Toyota (11) toyota pakistan (9)

Pakistan News

The Government Has Increased The Price Of Petroleum By PKR. 30

The Government Has Increased The Price Of Petroleum By PKR. 30

May 27, 2022 / By Zunair Tahir / Pakistan News


Miftah Ismail, the Finance Minister, stated on Thursday that the government has decided to raise the price of petroleum products by Rs. 30 per liter, effective at midnight.

Read More: The First Online Antique Car Museum In Pakistan Has Opened

“From Friday, May 27, 2022, the government has decided to hike the costs of Petrol, High-Speed Diesel, Kerosene Oil, and Light Diesel Oil by Rs. 30 per liter. At 12 a.m., the new pricing will take effect. “The new price of petrol will be Rs. 179.86 per liter, and the new price of diesel will be Rs. 174.15 per liter,” the Finance Minister tweeted.

Prime Minister Shehbaz Sharif, according to the Finance Minister, made this difficult decision in the national interest. He stated that imposing such a burden on the general population is a difficult decision for the government to make.

Miftah stated that the decision was made in order to resurrect the International Monetary Fund’s $6 billion bailout package (IMF).

The rise comes only one day after the government and the IMF failed to reach a deal on a financial bailout due to the former’s unwillingness to reverse fuel and power subsidies, causing budget uncertainty for fiscal year 2022-23.


ALSO READ

2022 CAR PRICES IN PAKISTAN


According to a news statement from the Finance Division, sustaining current petroleum product prices at current subsidized rates is continually growing the government’s twin deficit while also creating significant dangers to the energy supply chain.

Oil Marketing Companies (OMCs) and refineries are having trouble acquiring international bank confirmation for LCs/SBLCs, local banks’ unwillingness to open LCs, and importers’ issues securing insurance coverage for particularly high-priced cargoes, according to the statement.

“The government has decided to adjust the present petroleum product pricing in order to rationalize petroleum product costs.” Prices for petroleum goods have been raised in part to make them affordable, according to the statement.

With a Rs. 30 per liter hike across the board, the new price of fuel will be Rs. 179.86 per liter, up from Rs. 149.86 per liter previously. High-speed diesel will now cost Rs. 174.15 per liter, up from Rs. 144.15 per liter previously. According to the Finance Division, the new price of kerosene will be Rs. 155.56 per liter, up from Rs. 125.56, and the new price of light diesel oil would be Rs. 148.31 per liter, up from Rs. 118.31 per liter.


READ MORE NEWS…

Working Gearbox And Pistons For The New Lego Technic Ferrari Daytona SP3
Poco Watch: Release Date And Specifications
Meteoric Dollar Smashes All Records & Reaches Rs200 In The Interbank Market
Korea Defeats Pakistan In An Asia Cup Warm-Up Match
The Hyundai Elantra and Sonata Are Both Getting A Price Hike
(IMF) Has Expressed Concern Over Pakistan’s Growing Inflation and Expanding Current Account Deficit
Avatar 2: The Way Of Water Trailer Released

2022 Car Prices (12) 2022 CARS (17) 2022 News (25) 2022 Pakistan News (9) 2022 Tech News (14) apple (6) automobile (10) Automotive Blogs (8) Automotive News (36) Automotive News Pakistan (19) Auto Sector (13) Blogs (8) car news (25) Car Prices (10) car prices 2021 (7) cars (44) cars 2021 (11) cars of pakistan (47) changan (7) electric cars (11) entertainment news (9) F1 (12) Honda (7) honda pakistan (6) Hyundai (9) hyundai pakistan (7) KIA (6) mg (9) MG Pakistan (11) new cars (31) news (62) news 2021 (6) news pakistan (16) pakistan automotive news (12) Pakistan Government (19) Pakistan News (19) price list (8) proton (12) proton pakistan (14) suv (6) suzuki (11) Suzuki Pakistan (8) Tech News (15) Toyota (11) toyota pakistan (9)

PreviousNext

You Want To Have Your Favorite Car?

We have a big list of modern & classic cars in both used and new categories.