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Latest Petrol Price in Pakistan (November 2023)
As of November 27, 2023, the price of petrol in Pakistan is Rs281.34 per liter. The price of high-speed diesel (HSD) is Rs296 per liter.
The federal government is expected to announce revisions to petroleum prices on November 30, 2023. The new rates are expected to take effect on December 1, 2023.
Here are some other petroleum prices in Pakistan today:
- Light-speed diesel: PKR 180.45 per liter
- CNG Region-I: PKR 210 per kilogram
- Kerosene oil: PKR 204.98 per liter
Today Petrol Prices in Pakistan
Petrol prices in Pakistan change often and affect daily life for many people. As costs go up and down, it’s smart to pay attention so you can plan your budget. Filling up your car, driving to work, even buying groceries – it all depends a bit on what fuel costs that day. Many factors around the world influence prices here. So I try to catch the latest rates on the news or online to know what to expect at the pump. Whether I need petrol, diesel, kerosene, or CNG, tracking prices help me handle my expenses and navigate how much fuel my business or family needs. Even small price swings can mean notable differences over time. Staying informed is crucial. What fuels do you use the most? Knowing today’s prices can guide good choices – for travel, goods, and making ends meet this week and next. Monitoring those rates takes little time but pays off in better planning.
The following are the most common fuels in Pakistan:
- Petrol (Super and Hi-Octane)
- Diesel (High Speed and Low Speed)
- Kerosene
- Liquid Petroleum Gas (LPG)
- Compressed Natural Gas (CNG)
Diesel, CNG, and LPG Prices in Pakistan
Petroleum, commonly known as gasoline, is one of the most widely used fuels for vehicles across Pakistan and the world. It is obtained by fractionally distilling crude oil. Gasoline prices in Pakistan tend to fluctuate frequently, but can easily be found with a quick search.
Diesel Price in Pakistan Today
Diesel is another popular fuel derived from crude oil that is well-suited for diesel engines. It provides good fuel economy and acceleration, making it ideal for trucks, buses, trains, and other heavy vehicles. Diesel is generally more affordable than gasoline in Pakistan. Current diesel prices can be found on this page.
Compressed Natural gas (CNG)
Compressed Natural Gas (CNG) has emerged as an environmentally friendly and cheaper alternative fuel choice compared to gasoline and diesel. It is compressed methane gas that can be used in vehicles like buses, vans, trucks, and cars, provided there is sufficient space that is not taken up.
Liquid Petroleum Gas (LPG) & Kerosene
While Liquid Petroleum Gas (LPG) and kerosene can also theoretically be used to power vehicles, they are far less common options.
The Price of High-Octane Gasoline in Pakistan
In Pakistan, high-octane gasoline comes at a steep price. With some of the most expensive gas prices globally, Pakistan’s premium fuel grades reflect both superior quality and heightened demand. For those seeking maximum engine performance, staying updated on the latest high-octane rates can inform spending decisions, despite unpredictable pricing between stations.
Pakistan’s Progress on Reducing Vehicle Emissions
Pakistan strives to catch up with global vehicle emission standards that promote cleaner air and better engine efficiency. After adopting the outdated Euro II standards in 2012, this year Pakistan bypassed Euro III and IV to implement the decade-old Euro V regulations. Though behind the Euro VI policies adopted by many countries in 2014 and the upcoming Euro VII standards expected by 2025, this leap represents progress. Enacting stronger exhaust emission controls benefits Pakistan’s environment for future generations.
Oil Prices in Pakistan
Petrol, or gasoline as it’s also called, is one of the most widely used fuels for vehicles across Pakistan. It’s made by refining crude oil, and it powers most cars and motorbikes around the country. Petrol prices here tend to fluctuate frequently, so people often check the latest rates.
The quality of the petrol depends largely on its “octane rating” – the higher the number, the better it can withstand “engine knocking” and deliver cleaner power. There are a handful of major petrol providers in Pakistan, including the state-owned PSO, as well as private companies like Attock Petroleum, Total Parco, Shell, and Hascol. These refineries supply most of the nation’s petrol needs.
Up until recently, the grade of petrol available in Pakistan lagged behind international standards. Even less developed nations offered higher-quality fuel. But since 2016, most petrol here has been Euro 92 or Euro 95 – on par with global benchmarks. So nowadays, Pakistani drivers can fill up their tanks knowing they’re getting petrol that’s good enough for modern engines. The days of substandard knock-off petrol are thankfully behind us!
Petrol Rate in Pakistan 2023
Petrol prices are always a hot topic in Pakistan. But there’s a lot of confusion out there about how they are set. Let me break it down for you.
Basically, petrol comes from crude oil. So the whole supply chain matters – from pumping oil out of the ground to refining and distributing it to gas stations. Each step adds costs that get passed on to drivers at the pump. On top of the basic costs, the government slaps on taxes, which really bump up the retail price.
Since oil is traded globally, what happens in the world market also impacts Pakistan. When the rupee loses value compared to dollars, oil gets more expensive for us to import. That’s what has been happening since 2018 as the rupee depreciated. Pump prices shot up.
In 2021, the government tried to ease prices by cutting taxes. It provided some relief but wasn’t sustainable long-term. This issue plagues developing countries like ours that rely heavily on imported oil. It makes prices vulnerable to external shocks and inflation. Tough for the average driver!
The Oil and Gas Regulatory Authority (OGRA) oversees pricing here. They review rates twice a month and announce new ones on the 15th and last day. The set prices last 15 days usually. There’s also variation between regions.
So in a nutshell, what we pay at the pump depends on both global oil markets and domestic factors like supplies, economic conditions, politics, etc. No wonder it’s always going up and down! Pretty complicated stuff for the common man to track.