Get ready to dig a little deeper into your pockets, as petrol price in Pakistan has risen again along with others. This is despite the fact that the per barrel price of oil has slightly come down in OPEC (from $82 to $80) in the last two weeks. However, as the Rupee has further depreciated against the US Dollar by as much as 6% in the last two weeks, the government had to increase the prices of all but one petroleum products. The price of light diesel is kept unchanged.
Let’s find out the latest fuel prices in Pakistan below.
Petrol Price in Pakistan Today
| Product | Old Price (Rs.) | New Price (Rs.) | Difference (Rs.) |
| Petrol | 267.00 | 272.00 | +5.00 |
| High Speed Diesel (HSD) | 280.00 | 293.00 | +13.00 |
| Kerosene Oil (SKO) | 187.73 | 190.29 | +2.56 |
| Light Diesel | 184.68 | 184.68 | +0.00 |
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. February 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 | 45 | 0 | 6.76 | 5 | 7 | 13.12 |
| Kerosene Oil | 0.32 | 0 | – | – | – | – |
| Light Diesel | 27.25 | 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
Despite pressure from various quarters, the government has chosen to avoid charging the General Sales Tax (GST) on petroleum products for now. This can further delay the disbursement of IMF’s much-awaited tranche, which can further complicate things on the economic front.
High Speed Diesel prices have increased, which is no a good move given that its demand is high due to harvesting of Rabi crops. This alone can increase the prices of wheat and other staple crops in the near future. Food inflation is already touching 40% and this can further feed into it. But we cannot blame the government as it had to do it due to the IMF deal to avoid severe economic impacts.
Relevant Blogs:
- What If the Government Stops Setting Petrol Prices. Will It Solve Anything?
- Tips to Increase Mileage of Car
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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.