Petrol Price in Pakistan Today (21-01-2025)
Want to know the petroleum today’s prices in Pakistan?
This is an updated list of the current petrol and diesel prices today.
- Petrol Price: Rs. 256.13/Ltr
- High-Speed Diesel Price: Rs. 260.95/Ltr
- Light Speed Diesel Price: Rs. 148.95/Ltr
You may also like:
- Current Steel Price in Pakistan
- Battery Rates in Pakistan (today)
- Cement Prices Today
- Current Gold Prices
Updated Diesel and Petrol Prices in Pakistan
Today, January 21, 2025, the prices of all petroleum products are:
The latest fuel prices in Pakistan have been announced, with slight changes in the rates of petrol, diesel, and other petroleum products.
Here’s the detailed breakdown:
| Petroleum Type | Old Price | New Price | Difference |
| Petrol | PKR 252.66 | PKR 256.13 | +0.13 |
| High Speed Diesel (HSD) | PKR 258.34 | PKR 260.95 | +0.01 |
| Light Diesel Oil (LDO) | PKR 151.73 | PKR 148.95 | -2.78 |
| Kerosene Oil | PKR 164.98 | High-Speed Diesel (HSD) | -3.32 |
(Petroleum Prices effective from January 3, 2025)
Key Highlights:
- Petrol price increased slightly by PKR 0.56 per litre.
- High-Speed Diesel (HSD) saw a rise of PKR 2.96 per litre.
- Light Diesel Oil (LDO) experienced a decrease of PKR 2.78 per litre.
- Kerosene Oil price dropped by PKR 3.32 per liter.
Overview of Petroleum
Petroleum, often called crude oil, is a naturally occurring liquid beneath the Earth’s surface. It has been around for millions of years since the decomposition of organic materials.
This fossil fuel is essential as it undergoes refining processes in specialized refineries to produce various petroleum products.
Types of Petroleum Products
Below are the common types of petroleum and their current prices:
- Petrol (Super)
- High-Speed Diesel (HSD)
- Light-Speed Diesel (LSD)
- Kerosene
- Liquified Petroleum Gas (LPG)
- Compressed Natural Gas (CNG)
Updated Prices of Petroleum Products in Pakistan
Here’s a closer look at the updated prices for these different types of petroleum:
Petrol (Super) Price in Pakistan
Known for its higher octane rating, Super Petrol provides excellent engine performance and is widely used in bikes and cars.
As of the latest update, the price of Super Petrol in Pakistan is PKR 256.13 per litre.
High-Speed Diesel Price in Pakistan
High-Speed Diesel is primarily used in commercial vehicles, enabling them to reach up to 7500 RPMs. It is ideal for heavy-duty vehicles like trucks and buses.
The latest price of High-Speed Diesel in Pakistan is PKR 260.95 per litre.
Light-Speed Diesel Price in Pakistan
Light-speed diesel is commonly used in medium-sized vehicles that require more power than regular personal vehicles.
The current price of Light-Speed Diesel in Pakistan is PKR 148.95 per litre.
Kerosene Oil Price in Pakistan
Kerosene oil is in high demand across various industries in Pakistan, powering small machines and equipment.
The price of kerosene oil in Pakistan is PKR 161.66 per litre.
LPG Price in Pakistan
Liquefied Petroleum Gas (LPG) is a vehicle fuel for household natural gas requirements.
The price of LPG in Pakistan is PKR 254.86 per kg, effective December 1, 2023.
Compressed Natural Gas (CNG)
CNG, a clean-burning alternative fuel primarily composed of methane, is cheaper than diesel and widely used in Pakistan.
It reaches pressures of 3,000 to 3,600 psi for storage and transportation.
Additional Insights
High Octane Petrol
High-octane petrol, known for its superior quality and performance benefits, commands a significant price in Pakistan. OGRA does not control High-Octane petrol prices, which vary across petrol pumps.
Historical Highest Petrol Rate in Pakistan
Pakistan’s highest recorded petrol price was PKR 331.38 per litre on September 16, 2023. Prices can fluctuate based on global demand and supply dynamics.
Euro Fuel Emission Standards in Pakistan
Pakistan adopted the Euro V emission standards in 2020 to enhance vehicle engine performance and reduce emissions.
This marks a significant leap from the Euro II standards adopted in 2012, skipping Euro III and IV. Many countries have followed Euro VI standards since 2014 and are expected to switch to Euro VII around 2025.
Fuel and Petrol Prices: Trends and Impacts from 2018 Onwards
The value of the Rupee in the international market has a direct influence on oil prices in Pakistan. Since 2018, the devaluation of the Rupee has led to an increase in oil prices globally and domestically.
Let’s explore how these prices have changed over time and the reasons behind these fluctuations.
Regulation Attempts and Challenges
In 2021, the Pakistani government attempted to regulate petrol prices by decreasing the tax margin. Although this strategy was temporarily effective, it was a short-term solution.
Developing countries like Pakistan, which heavily rely on imported oil, often face inflation in oil prices, making it challenging for consumers to afford petrol.
Role of the Oil and Gas Regulatory Authority (OGRA)
The Oil and Gas Regulatory Authority (OGRA) oversees petrol rates in Pakistan. OGRA reviews and revises fuel prices twice a month, announcing new rates on the 15th and the last day of each month, which typically remain effective for 15 days.
Historical Background of Petrol Prices
- 1990s: Petrol was the primary fuel for cars before the introduction of CNG. Topping up with petrol was straightforward and affordable.
- Zardari Regime: Petrol prices peaked.
- Nawaz Sharif Regime: Prices were relatively low but later faced instability due to political changes.
- Current Practices: OGRA sets current and future oil/petrol prices. These prices vary based on economic conditions, geopolitical factors, and government policies. For the latest rates, you can check PakWheels.
Factors Influencing Petrol Price Increases
Several factors contribute to the fluctuations in petrol prices, affecting both consumers and the national economy:
- International Crude Oil Prices: Global economic conditions and supply-demand dynamics impact oil costs.
- Exchange Rates: Since crude oil prices are measured in US dollars, any local currency depreciation increases petrol prices.
- Taxes: Government-imposed petrol rate taxes vary by country and significantly affect prices.
- Refining Costs: The cost of converting crude oil into petroleum products adds to the final price.
- Distribution Costs: The distance between refineries and retail sources influences transportation costs, impacting petrol prices.
Possible Control Measures
Controlling petrol prices is complex due to global factors like crude oil prices. The Pakistani government can offer subsidies, adjust taxes, and reserve petroleum imports to stabilize prices.
However, complete control is not feasible.
Impact of Petrol Prices on the Economy
Petrol prices have a ripple effect on various economic aspects:
- Inflation: Higher petrol prices contribute to inflation, increasing transportation costs and reducing household purchasing power.
- Consumer Spending: Increased fuel costs strain drivers’ budgets, limiting their spending capacity.
- Business Costs: Businesses face higher transportation costs, which can lead to increased product prices for consumers.
- Energy Efficiency: High petrol prices encourage the use of public transport and energy-efficient vehicles, like hybrid or electric cars.
- Trade Balance: High fuel prices impact the import bill, increasing external debt and influencing currency exchange rates.
Understanding these dynamics helps consumers and policymakers navigate the complexities of fuel pricing and its broader economic implications.
Yearly Petrol Price Changes in Pakistan
| Year | Price (PKR) | Change (PKR) |
| 2024 | 252.66 | -78.72 |
| 2023 | 331.38 | +81.58 |
| 2022 | 249.80 | +102.91 |
| 2021 | 146.89 | +44.11 |
| 2020 | 102.78 | -5.82 |
| 2019 | 108.60 | +11.46 |
| 2018 | 97.14 | +26.84 |
| 2017 | 70.30 | +3.93 |
| 2016 | 66.37 | +2.10 |
| 2015 | 64.27 | -37.70 |
| 2014 | 101.97 | -6.61 |
| 2013 | 108.58 | -4.18 |
| 2012 | 112.76 | +32.22 |
| 2011 | 80.54 | +3.95 |
| 2010 | 76.59 | +10.73 |
| 2009 | 65.86 | +8.20 |
| 2008 | 57.66 | +7.35 |
| 2007 | 50.31 | -5.24 |
| 2006 | 55.55 | -6.58 |
| 2005 | 62.13 | +7.85 |
Bi-Annual Petrol Price Changes in Pakistan (2024)
| Date | Price (PKR) | Change (PKR) |
| Dec 31, 2024 | 252.66 | +0.56 |
| Jun 1, 2024 | 268.36 | -5.24 |
Summary of Trends
Over the years, petrol prices in Pakistan have experienced significant fluctuations, with notable increases and decreases. Here are some key highlights:
- 2023: A substantial rise of PKR 81.58 was observed, bringing the price to PKR 331.38 per litre. This was one of the highest recorded increases in recent years.
- 2022: Another significant increase of PKR 102.91, reflecting the global impact on local fuel prices.
- 2021: The price rose by PKR 44.11, marking the post-pandemic economic adjustments.
- 2015: A significant drop of PKR 37.70, likely due to global oil market adjustments.
- 2020: A moderate decrease of PKR 5.82 as the world grappled with the economic impacts of COVID-19.
- 2012: An increase of PKR 32.22, influenced by geopolitical and economic factors.
These fluctuations highlight the volatility of fuel prices in Pakistan, driven by global oil market trends, economic conditions, and regulatory measures. Awareness of these trends can help plan and budget for fuel expenses effectively.
FAQ (Petrolium Price in Pakistan)
What is the current petrol price in Pakistan?
Today, the price of 1 litre of petrol in Pakistan is PKR 256.13.
What is the highest recorded petrol price in Pakistan?
Pakistan’s highest recorded petrol price was PKR 331.38 per litre on September 16, 2023.
How are petrol prices calculated in Pakistan?
Petrol prices in Pakistan are calculated based on a comprehensive formula that includes:
- International oil prices: The base price of crude oil in the global market.
- Exchange rates: The value of the Pakistani Rupee against the US Dollar.
- Taxes and levies: Government-imposed taxes and fees.
- Freight charges: Costs associated with transporting oil to refineries and distribution centres.
- Distribution margins: Profits for refineries and distributors.
- Dealer commissions: Earnings for fuel station operators.
These components are combined to determine the final retail price of petrol.
Which authority is responsible for determining petrol prices in Pakistan?
The Oil and Gas Regulatory Authority (OGRA) regulates and determines petrol prices in Pakistan. OGRA collaborates with the government and relevant stakeholders to review and set prices.
How do petrol prices in Pakistan compare to other countries?
Petrol prices in Pakistan can vary significantly compared to other countries due to several factors:
International oil market trends: Global supply and demand dynamics that affect crude oil prices.
Taxes and subsidies: Differences in tax rates and government subsidies.
Transportation costs: The cost of moving fuel from refineries to consumers.
Domestic energy policies: National strategies for energy production and consumption.