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Petrol and Diesel Prices Further Increased in Pakistan

Petrol and Diesel Prices Further Increased in Pakistan

The crisis in the Middle East has minimally impacted oil prices, until now. The price per barrel of crude oil has increased in OPEC, prompting the Pakistani government to once again raise petrol and diesel prices for the next fortnight. Furthermore, it is not known whether there has been any change in the price of Kerosene Oil and Light Diesel Oil. So, let’s not waste any more time and take a look at the latest petrol price in Pakistan, effective from February 16, 2024.

Petrol Price in Pakistan Today 2024

Diesel Price in Pakistan Today 2024

Petrol Price in Pakistan Today

ProductOld Price (Rs.)New Price (Rs.)Difference (Rs.)
Petrol 272.89 275.62+2.73
High Speed Diesel (HSD) 278.96 287.33 +8.37
Kerosene Oil (KSO)201.16191.02-10.14
Light Diesel Oil175.93164.64-11.29

If you are interested in knowing what constitutes the per liter price of petroleum products in Pakistan, you’ll find the following information useful.

Petroleum Levy in Pakistan

This is the current (w.e.f. Jan 16, 2024) tax regime:

ProductPL (Rs.)GST (Rs.)IFEM (Rs.)OMC (Rs.)DC (Rs.)Ex Refinery (Rs.)
Petrol6005.697.878.64177.14
High Speed Diesel6004.248.268.64195.23
Kerosene Oil
Light Diesel

Glossary of Terms

  • PL – Petroleum Levy or Petroleum Development Levy
  • GST – General Sales Tax
  • IFEM – Inland Freight Equalization Margin
  • OMC – Oil Marketing Companies Margins
  • DC – Dealers’ Commission
  • Ex Refinery – Price per liter as sold by the refinery

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Petrol Price in Pakistan: Analysis

In the last two weeks, petrol prices increased by $1.20 per barrel to $89.9, and HSD (High-Speed Diesel) prices rose by $3.5 per barrel to $101.82. On the other hand, the Rupee strengthened against the Dollar by about 40 paisa, going from a little over Rs.280 to Rs.279.7 in the first half of February. All in all, petrol and high-speed diesel prices are expected to rise even further, owing to crisis in the Middle East.

If you have got any thoughts on this, feel free to share them in the comments below. 

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4 responses to “Petrol and Diesel Prices Further Increased in Pakistan”

  1. We were so many expectations from this government but they failed
    Really now we are disappointed
    If they don’t do something for nation then next time people never will support this government

  2. The Pakistani public does not pay any kind of TAX willingly. They fail to understand that governments need revenue the run the country. So the Pakistani government collects revenue the only way it can. From utilities and fuel.
    Example; TV licence payment is included automatically in the electricity bill along with some other taxes.

  3. The Pakistani public does not pay any kind of TAX willingly. They fail to understand that governments need revenue the run the country. So the Pakistani government collects revenue the only way it can. From utilities and fuel.
    Example; TV licence payment is included automatically in the electricity bill along with some other taxes.

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