Petrol Price in Pakistan

Current month petrol price in Pakistan is for premium is Rs. 145.82, High speed diesel rate is Rs. 142.62, Light speed diesel Rs. 114.07 and Kerosene oil rate is Rs. 116.53. As per Government of Pakistan policy petrol price in Pakistan is revised twice in a month.

Petroleum Products

Price
Premium 145.82/Ltr
High Speed Diesel 142.62/Ltr
Light Speed Diesel 114.07/Ltr
Kerosene Oil 116.53/Ltr

The petrol price in Pakistan is reviewed after every 15 days. The petrol rate in Pakistan applies on all cities irrespective of cities or regions. Here you can check the rate for all petroleum products in Pakistan including high octane, kerosene oil, Euro 5, light speed diesel, and high speed diesel.

The word petroleum is the combination of two different words “petra” which means rock and “oleum” means “oil”. However, the petroleum in raw from is extracted from land or sea through the technique of distillation. The petroleum itself is just composed of crude oil but in the raw form it may possess different types of solid, liquid, and gaseous hydrocarbons.

History of Petroleum

In 347 AD, China became the first country to produce and utilize the petroleum. The first commercial of Canada became operational in 1858. However, at the beginning of 20th century, Russia became the leading producer of petroleum products. Now, most of the oil in our world is produced by three countries that are Unites States, Russia and Saudi Arabia. However, 80% of oil reserves are present in Middle East, where majority of the providers are Qatar, Iraq, Kuwait, Saudi Arabia and United Arab Emirates.

What are different types of fuels?

Several types of fuels are available in the market such as:

  • Butane
  • Diesel
  • Gasoline
  • Jet Fuel
  • Kerosene
  • Liquefied Petroleum Gas (LPG)

Petrol Rate in Pakistan 2021

In Pakistan, OGRA or Oil and Gas Regulatory Authority is the sole authority to regulate the prices in the whole country. The petrol price in Pakistan 2020 faced both ups and downs. As rates are updated after every 15 days, it is expected that the petrol price in Pakistan 2021 will be higher than this year. On the other side, there are also several factors that influence the rate. The economic conditions, globally transformation in oil and gas and political instability significantly affect prices.

Govt plans subsidy on petrol for bikes & rickshaws

Recently the Federal Government increased petrol price by Rs 10.49 per liter. The high-speed diesel price in Pakistan is increased by Rs12.44 per liter. On October 20, Prime Minister Imran Khan chaired the meeting to discuss the issue related to the petrol price in Pakistan. He has ordered key authorities to draft a petrol subsidy plan that can cater to the needs of the low-income segment. It is expected that the plan will be revealed next week to offer low-cost petrol to public transport owners, rickshaws, and motorcycles. On the other side, the relevant departments have been ordered to make a plan to offer subsidized petrol to people who are earning a low income. The targeted subsidy program will begin with the joint financial support of the provincial and federal governments.

Comments on Petroleum Prices

Petroleum dealers are on strike from today and government should do something regarding that.

  • By: Najam
  • on Thu 25 Nov, 2021

It is expected that after the IMF loan to Pakistan, the price of petroleum products in Pakistan will increase on regular basis.

  • By: Najam
  • on Tue 23 Nov, 2021

The price of petrol also includes taxes that is why it is so expensive for the common people.

  • By: Naeem
  • on Thu 18 Nov, 2021

The price of petrol in the country broke all previous records in a last few days.

  • By: Hassan
  • on Wed 03 Nov, 2021

The Federal Government increased Rs 10 on each liter of Petrol.

  • By: Najam
  • on Mon 18 Oct, 2021

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