Petrol Price in Pakistan Today

Today petrol price in Pakistan for premium is Rs. 323.38, High speed diesel rate is Rs. 318.18, Light speed diesel Rs. 139.91 and Kerosene oil rate is Rs. 156. As per Government of Pakistan policy petrol rate in Pakistan is revised twice in a month.

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.

What is current petrol price in Pakistan?

The current premium petrol price in Pakistan stands at Rs. 323.38.

How much does 1 litre of petrol cost in Pakistan?

In Pakistan, the present price for one liter of premium petrol is Rs. 323.38.

What is petrol price in Pakistan today?

Today Petrol Price in Pakistan is PKR 323.38 per litre. Pakistan's financial situation has become relatively volatile in recent years, resulting in unusual variations in fuel prices.

What is the cost of 1 liter petrol in Pakistan?

Petrol rate in Pakistan today cost of 1 liter 323.38, and there is a possibility that it will go further. According to a notification issued by the Finance Miniter "Muhammad Ishaq Dar" The rise in petrol rate aimed at ensuring the resurgence of the International Monetary Fund (IMF) program.

Affected by Rising Petrol Prices

It is a vital time for Pakistan, which is experiencing rapid growth and monetary instability at the time. The government has announced a new hike in petrol, diesel, light diesel, and kerosene oil prices in Pakistan up to Rs, 10 to 15 per litre. Petroleum prices are influenced by several factors, one of which is supply. OPEC's reduced supply to other countries generates a rise in local prices as well. As retail merchants add their profit to the total cost of fuel, increased transportation and advertising costs have a significant impact on petroleum prices.

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.

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