Petroleum Prices in Pakistan Today
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Petrol (Super)
|
PKR 414.78 Ltr |
|
High-Speed Diesel
|
PKR 414.58 Ltr |
|
Hi-Octane
|
PKR 455 Ltr |
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Light Diesel Oil
|
PKR 159.76 Ltr |
Types of Petroleum in Pakistan and Latest Prices
Petroleum, commonly referred to as crude oil, is a naturally occurring liquid found beneath the Earth's surface. It originates from the gradual decomposition of organic matter over millions of years. As a crucial fossil fuel, it undergoes complex refinement processes in specialized oil refineries to produce various usable products.
Below is the breakdown of the major types of petroleum available in Pakistan along with their updated consumer prices:
Petroleum Products & Price Breakdown
1. Petrol (Super)
Also known as Super Petrol, this fuel features a higher octane rating that ensures excellent engine performance and reduces knocking. It is primarily used in passenger cars, motorcycles, and light vehicles.
Latest Price: PKR 414.78 per liter
2. High-Speed Diesel (HSD)
High-speed diesel is formulated to power heavy-duty engines capable of surpassing high RPM limits. It is the ideal fuel choice for commercial vehicles, including trucks, passenger buses, heavy SUVs, and agricultural machinery.
Latest Price: PKR 414.58 per liter
3. Light-Speed Diesel (LSD)
Light-speed diesel is typically used to operate medium-sized commercial vehicles, stationary engines, and tube wells. These engines require more raw pulling power than standard personal vehicles but operate at lower speeds.
Latest Price: PKR 159.76 per liter
4. Kerosene Oil
Kerosene oil remains in high demand across various industrial sectors and rural households in Pakistan. It is widely used to power small machinery, heating equipment, and cooking stoves in areas lacking natural gas infrastructure.
Latest Price: PKR 360.76 per liter
5. Liquefied Petroleum Gas (LPG)
While Pakistan imports Liquefied Natural Gas (LNG), LPG is heavily utilized as a byproduct and alternative fuel source. It serves a dual purpose: acting as an alternative fuel for commercial rickshaws and vehicles, while also meeting household cooking and heating needs.
Latest Price: PKR 304.12 per kg
6. Compressed Natural Gas (CNG)
Compressed Natural Gas (CNG) is a clean-burning, eco-friendly alternative fuel derived from natural gas (mostly methane). Compressed to pressures of 3,000 to 3,600 psi for storage, it offers a more cost-effective alternative to petrol and diesel for public transport.
High Octane Petrol (HOBC)
Among the premium fuel options, Pakistan's High Octane Blending Component (HOBC) commands a significantly higher price due to its superior quality and high-performance benefits for luxury and sports vehicles.
⚠️ Note: The Oil and Gas Regulatory Authority (OGRA) does not regulate High Octane petrol prices in Pakistan. Consequently, Hi-Octane prices vary across different fuel stations and marketing companies (such as PSO, Shell, and Total).
Historical Highs
The highest recorded petrol price in Pakistan's history peaked at PKR 458.40 per liter. Due to high global demand and currency volatility, fuel rates frequently see sharp fluctuations.
Euro Fuel Emission Standards in Pakistan
To reduce vehicular emissions and improve engine efficiency, Pakistan officially adopted the Euro V (Euro 5) emission standards in 2020. This move is aimed at creating a greener environment for future generations.
Pakistan's transition history highlights a major leap:
2012: Pakistan adopted Euro II standards when they were already outdated globally.
2020: The government skipped Euro III and Euro IV entirely, moving directly to Euro V (which was first introduced internationally in 2009).
Global Context: Many developed nations have implemented Euro VI since 2014 and are currently transitioning toward Euro VII standards.
Fuel Market Dynamics (2018 and Beyond)
Domestic oil prices fluctuate heavily based on the value of the Pakistani Rupee (PKR) against the US Dollar (USD) on the international market. Since 2018, steady currency devaluation has triggered an upward trend in global import costs for Pakistan.
Developing nations that rely heavily on imported crude oil often face severe inflationary pressures when global energy markets spike. While the government of Pakistan occasionally attempts to regulate rates by slashing petroleum levies or tax margins, these strategies typically serve as short-term relief.
How Prices are Revised
The Oil and Gas Regulatory Authority (OGRA) is the governing body that regulates fuel rates in Pakistan. Following standard policy, OGRA revises petroleum prices twice a month (on the 15th and the final day of each month), with new rates taking effect for the subsequent fortnight.
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