Petrol price in pakistan

 

As of December 16, 2024, the Government of Pakistan has set the following petroleum product prices:

- Petrol (Premium): PKR 252.1 per liter - High-Speed Diesel (HSD): PKR 255.38 per liter - Light-Speed Diesel: PKR 148.95 per liter - Kerosene Oil: PKR 161.66 per liter

These rates are uniformly applied across all cities and regions in Pakistan. citeturn0search0

The government reviews and adjusts petroleum prices bi-monthly, considering factors such as international oil market trends, exchange rates, and domestic economic conditions.

In recent months, there have been fluctuations in fuel prices.

For instance, on October 16, 2024, the petrol price was PKR 247.03 per liter, and high-speed diesel was PKR 251.29 per liter. citeturn0search1

These adjustments are influenced by global oil prices, which have seen significant changes due to geopolitical tensions and shifts in supply and demand.

The pricing structure of petroleum products in Pakistan includes several components:

- Ex-Refinery Price: The base price set by refineries. - Petroleum Levy (PL): A tax imposed by the government. - Inland Freight Equalization Margin (IFEM): Costs associated with transporting fuel across the country. - Oil Marketing Companies' (OMC) Margins: Profits for companies distributing the fuel. - Dealers' Commission (DC): Earnings for fuel station operators. - General Sales Tax (GST): A value-added tax applied to the final price.

For example, as of October 16, 2024, the breakdown for petrol pricing was:

- Ex-Refinery Price: PKR 166.80 - Petroleum Levy: PKR 60.00 - IFEM: PKR 3.72 - OMC Margin: PKR 7.87 - Dealers' Commission: PKR 8.64 - GST: PKR 0.00 - Total Price: PKR 247.03 per liter citeturn0search2

These components are subject to change based on government policies and international market dynamics.

Fluctuations in fuel prices have a direct impact on Pakistan's economy, affecting transportation costs, production expenses, and the overall cost of living.

The government aims to balance the need for revenue generation through taxes like the petroleum levy with the necessity of keeping fuel affordable for consumers.

It's important to note that global oil prices are influenced by various factors, including geopolitical events, production decisions by major oil-producing countries, and changes in global demand.

These international trends, in turn, affect domestic fuel prices in Pakistan.

For the most current information on petroleum prices, it's advisable to consult official government notifications or reputable financial news sources, as prices are subject to change based on both domestic and international factors.