Wednesday, June 7, 2023

New Petrol Price in Pakistan, Today Petroleum Prices

Petrol price in Pakistan and Petroleum prices. Current Super petrol price in Pakistan is Rs. 267.00/Ltr, Pakistan, High Speed Diesel is Rs. 280.00/Ltr and Light Speed Diesel is Rs. 184.68/Ltr.

New Petrol Price in Pakistan

Here is the updated list of Petrol Price in Pakistan (June 7, 2023).

Petrol 270.00 262.00 -8.00
High Speed Diesel (HSD) 258.00 253.00 -5.00
Kerosene Oil 164.07 164.07 -0.00
Light Diesel Oil (LDO) 152.68 147.68 -5.00

What is Petrol?

Petroleum is a fossil fuel, meaning that it has been created by the decomposition of organic matter over millions of years. ‘Petrol‘ is a shortened term for ‘Petroleum Distillate’ which is what it is.

Petrol is one of the most essential commodities in Pakistan as it fuels the majority of the transportation sector, including cars, bikes, and other vehicles. The price of petrol in Pakistan is subject to frequent fluctuations, which can have a significant impact on the economy and the daily lives of people. The government of Pakistan regulates the petrol prices in the country, and it is adjusted monthly based on the international market rates, currency exchange rates, and various other factors.

Over the past few years, petrol prices in Pakistan have witnessed significant variations due to changes in global oil prices, local taxes, and currency exchange rates. In recent times, the prices of petrol in Pakistan have seen a steady rise due to the increase in global oil prices, which has resulted in a direct impact on the domestic petrol prices. Additionally, the government’s decision to increase taxes on petrol has also contributed to the increase in petrol prices.

The high petrol prices have not only affected the transportation sector, but it has also had an impact on various other sectors of the economy. The cost of production and transportation of goods has gone up, leading to an increase in prices of goods and services, which has adversely affected the consumers. The government has taken some measures to provide relief to the citizens, such as reducing taxes and providing subsidies, but the impact of these measures remains limited.

However, this page shows the current Petrol Rate in Pakistan.