We have great news for you as the government has decreased fuel prices in Pakistan again. Now, petrol costs Rs. 1.86 less, and diesel? Well, that’s down by about Rs. 3.32. This decrease is credited to a decline in global petroleum prices. Let’s see the latest petrol price in Pakistan and why it has gone down.
Petrol Price in Pakistan Today 2024
Diesel Price in Pakistan Today 2024
Here are the latest petroleum prices effective from Sep 1, 2024.
Petrol Price in Pakistan Today
| Product | Old Price (Rs.) | New Price (Rs.) | Difference (Rs.) |
| Petrol | 260.96 | 259.10 | -1.86 |
| High Speed Diesel (HSD) | 266.07 | 262.75 | -3.32 |
If you are interested in knowing what constitutes the per liter price of petroleum products in Pakistan, you’ll find the following information useful.
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Petroleum Levy in Pakistan
This is the current (w.e.f. Sep 1, 2024) tax regime:
| Product | PL (Rs.) | GST (Rs.) | IFEM (Rs.) | OMC (Rs.) | DC (Rs.) | Ex Refinery (Rs.) |
| Petrol | 60 | 0 | 7.79 | 7.87 | 8.64 | 174.80 |
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
Well, this price decrease is credited to the reduction in global petroleum prices. Thus, the government has passed down the benefit to local consumers. As per media reports, the global prices of crude oil have gone down by nearly $2 to $2.30 per barrel. Consequently, the average price of petrol has decreased from $82.50 to $80.40 per barrel, while HSD has declined from $90.30 to $88 per barrel.
Keep in mind that if the ongoing crisis in the Middle East worsens, there’s a possibility of an escalation in global petroleum prices at any time, which may result in a price hike in Pakistan. Additionally, we may see another hike when the government increases the petroleum levy from Rs.60 (current) to Rs.70 (as proposed in the budget 2024-25).
If you have any thoughts on this, feel free to share them in the comments 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.