Thanks to a largely stable and unchanged foreign exchange rate and oil prices in OPEC, the government of Pakistan has been able to further reduce petroleum prices. With the exception of kerosene oil, all other petroleum prices have been reduced.
Let’s find out the latest fuel prices in Pakistan below effective from June 1, 2023.
Petrol Price in Pakistan Today
| Product | Old Price (Rs.) | New Price (Rs.) | Difference (Rs.) |
| Petrol | 270.00 | 262.00 | -8.00 |
| High Speed Diesel (HSD) | 258.00 | 253.00 | -5.00 |
| Kerosene Oil (SKO) | 164.07 | 164.07 | 0.00 |
| Light Diesel | 152.68 | 147.68 | -5.00 |
If you are interested in knowing what constitutes the per litre price of petroleum products in Pakistan, you’ll find the following information useful.
Petroleum Levy in Pakistan
This is the current (w.e.f. May 16, 2023) tax regime:
| Product | PL (Rs.) | GST (Rs.) | IFEM (Rs.) | OMM (Rs.) | DC (Rs.) | PSOERA (Rs.) |
| Petrol | 50 | 0 | 3.42 | 5 | 7 | 9.92 |
| High Speed Diesel | 50 | 0 | 6.76 | 5 | 7 | 13.12 |
| Kerosene Oil | 0.19 | 0 | – | – | – | – |
| Light Diesel | 7.18 | 0 | – | – | – | – |
Glossary of Terms
- PL – Petroleum Levy or Petroleum Development Levy
- GST – General Sales Tax
- IFEM – Inland Freight Equalization Margin
- OMM – Oil Marketing Margins
- DC – Dealers’ Commission
- PSOERA – Pakistan State Oil Exchange Rate Adjustment
Petrol Price in Pakistan: Analysis
In OPEC, the per barrel price throughout the month of May 2023 has remained stable around $76. In addition, the US Dollar to Pak Rupee interbank exchange rate has also remained stable around Rs. 284. As a result, the government has been able to provide some relief to the masses. However, there are many who were still expecting a drastic price cut due to the import of Russian oil. We will only be able to see in the coming weeks if petroleum prices will further decrease or not.
What are your thoughts on the latest petrol price decrease? Are you satisfied with the current rate, or were you expecting an even bigger decrease? Share your opinions in the comment section below.
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بیس روپے بڑھاو پانچ روپے کام کرو
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
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.
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.