Petrol prices are not unexpected to increase in Pakistan. Today’s petrol rate in Pakistan is unexpected as this is the first-time petrol rates go above to Rs 200. The government has just changed the price of petrol by giving notifications through television and online. The recent price hike in petroleum products brings the fuel rate to Rs 249.80. The rates of HSD, LDO, and Kerosine Oil have also increased respectively.
Vehicles engines are designed to run on a specific type of fuel. Some vehicles are designed to run on the electric engine, and I guess that is the best option in Pakistan now. We will tell you the current rate of fuel in Pakistan. So, you can get a better idea of where Pakistan’s economy going and at what stage we are facing inflation in our country.
Today’s Petrol Rate In Pakistan
Petrol prices get change every month. From the last couple of months, the price is just interested to increase. The huge increase in petroleum products also affects the transportation charges and other necessities of regular life.
|Type Of Fuel||Old Price||Difference||Current Price|
|Petrol||Rs 214.80||+35.00||Rs 249.80|
|High-Speed Diesel||Rs 227.80||+35.00||Rs 262.80|
|Light-Speed Diesel||Rs 169.00||+18.00||Rs 187.00|
|Kerosene Oil||Rs 171.83||+18.00||Rs 189.83|
Petrol Price Change of Last 1 Year
In the last 1 year, we have seen an unexpected change in petrol prices. The huge increase in petroleum products prices economy is moving to high inflation. Goods transportation cost has also increased due to high prices which affected in different ways. We have shared a table of price hikes starting from January 2022 to January 2023.
|Date||Fuel Rate in PKR|
|January 1, 2022||144.82|
|January 16, 2022||147.83|
|February 16, 2022||159.86|
|March 1, 2022||149.86|
|May 27, 2022||179.86|
|June 3, 2022||209.86|
|June 16, 2022||233.89|
|July 01, 2022||248.74|
|July 15, 2022||230.34|
|August 15, 2022||233.91|
|September 01, 2022||235.98|
|September 22, 2022||237.43|
|October 01, 2022||224.48|
|October 16, 2022||224.48|
|November 01, 2022||224.48|
|November 16, 2022||224.48|
|December 16, 2022||214.80|
|January 29, 2023||249.80|
The unstable rate of fuel is not because of the international market. Right now, in the international market fuel rates are stable. Different types of fuel are required in Pakistan for vehicles. if the fuel prices affect the other products related to it’s also affected and got an increase in prices.
In Pakistan Oil and Gas Regulatory Authority controls petrol rates. OGRA has decided to revise the petrol price twice a month and consider low or high price decisions according to the situation. Recently the price increased by Rs 35.32 which is huge. The new year has started with new worries about inflation for citizens. Overall, in other countries, petrol prices fluctuate due to international factors or local ones. Right now, in Pakistan, there are various local factors that affect on rising prices of petrol.