Bad news as the government has increased petrol and diesel prices again. The petrol price in Pakistan has been increased by Rs. 3.47, and the diesel price has gone up by Rs. 2.61. If you are wondering why the prices have increased and what is the latest petrol price in Pakistan today, you have landed on the right page. Let’s see the latest petroleum prices and also find out the petrol price breakdown in this blog.
Petrol Price in Pakistan Today 2024
Diesel Price in Pakistan Today 2024
Here are the latest petroleum prices effective January 1, 2024.
Petrol Price in Pakistan Today
| Product | Old Price (Rs.) | New Price (Rs.) | Difference (Rs.) |
| Petrol | 252.66 | 256.13 | +3.47 |
| High-Speed Diesel (HSD) | 258.34 | 260.95 | +2.61 |
If you are interested in knowing what constitutes the per-litre price of petroleum products in Pakistan, you’ll find the following information useful.
You may also like:
Most Fuel-Efficient Cars in Pakistan
Petroleum Levy in Pakistan
This is the current (w.e.f. Jan 01, 2024) tax regime:
| Product | PL (Rs.) | GST (Rs.) | IFEM (Rs.) | OMC (Rs.) | DC (Rs.) | Ex Refinery (Rs.) |
| Petrol | 60 | 0 | 7.55 | 7.87 | 8.64 | 168.60 |
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
 | Post an Ad For Free ✓ Get Access to 30 Million Active Buyers ✓ Get the Best Possible Price ✓ Sell Your Car in less than 24 Hours |
Diesel and Petrol Prices in Pakistan: Analysis
Well, as I predicted, the increase in fuel prices was expected due to an increase in global petroleum prices. The OPEC basket price pet barrel was $74.59 on 31-Dec-2024, which has now increased to $81.25 on 14-Jan-2024. With this significant increase, we may see another hike on February 1, 2025, especially if global petroleum prices keep climbing.
Another price hike is also expected 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.
You may also like:
Best Fuel Average Bikes in Pakistan
Download the OLX App Now! | |
 |  |
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.