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  Home > Finance > Petroleum Prices in Pakistan
 Petroleum Prices in Pakistan
12 Feb, 2016 Petrol Prices in Pakistan - Benchmark Arab Light Crude has dropped by 52.77 per cent to $26 per barrel now from $55 in January 2015, but the government reduced petrol and diesel prices by a meagre 3pc and 6pc, respectively, in the last one year. In January 2015, petrol and diesel prices stood at Rs78.3 and Rs86.23 per litre while currently the two fuels were selling at Rs76.2 and Rs80.79. The government instead of passing on the benefit of record low world oil prices to consumers has raised petroleum development levy (PDL) and general sales tax. Currently, consumers were paying around Rs24 and Rs27 per litre sales tax on petrol and diesel. Sherman Securities said oil prices had been on the decline due to global oversupply and sluggish demand, but domestic oil prices did not show any big drop as the government raised taxes to meet its budgetary targets. Currently the international market of oil prices are WTI Crude Oil US$31.20 per barrel change +0.72 and in percent +2.31% and 1 year forecast of Crude Oil by oil-price.net is US$35 per barrel, while Brent Crude Oil US$31.03 per barrel with change +0.72 and in percent +2.32% for global trade. The petroleum products prices are revised on every month by the Government (Ministry of Finance) and petroleum prices are suggested by the OGRA (Oil & Regularity Authority of Pakistan) on every end of the month to decide new petroleum products prices for the next month and on wards. The main objective of this information page is to keep inform all visitors for the current and fresh petroleum products prices in Pakistan. Petroleum products monthly price revisions are proposed by the OGRA (Oil & Regularity Authority of Pakistan) to Ministry of Petroleum. General public of Pakistan can find updates prices of premium XL / petrol prices, Green XL / HSD (high speed diesel) prices, LSD (light speed diesel) prices, SKO (Kerosene oil) prices, E-10 Gasoline and HOBC (Hi-octane Blending compound) prices on Pakbiz.com. Read more
Product Retail Price
HOBC      Rs. 75.66 /Ltr
Premium   Rs. 71.25 /Ltr
High Speed Diesel     Rs. 75.79 /Ltr
Light Speed Diesel   Rs. 39.94 /Ltr
Kerosene Oil Rs. 43.25 /Ltr


12 Feb, 2016 Petrol Price in Karachi - Find latest monthly revision / updated petroleum products prices in Pakistan on Pakbiz.com. OGRA (Oil & Gas Regulatory Authority) of Pakistan proposed a new petroleum products prices to Ministry of Petroleum of Pakistan on every end of the month, and then ministry of petroleum & natural resources decides it new revision prices for the next month. The proposed fuel prices by OGRA are based on international market of Oil & gas and its current position of up and down. Find premium XL / petrol prices, Green XL / HSD (high speed diesel prices, LSD (light speed diesel) prices, SKO (Kerosene oil) prices, E-10 Gasoline and HOBC (Hi-octane Blending compound) prices. Petroleum prices are causes major impact on Pakistan's economy and it is directly effects on general public.

 Petroleum Prices Archive
Date HOBC Premium HS Diesel LS Diesel Kerosene
Feb 01, 2016 Rs.75.66/Ltr Rs.71.25/Ltr Rs.75.79/Ltr Rs.39.94/Ltr Rs.43.25/Ltr
Jan 01, 2016 Rs.80.66/Ltr Rs.76.26/Ltr Rs.80.79/Ltr Rs.44.94/Ltr Rs.48.25/Ltr
Nov 02, 2015 Rs.79.79/Ltr Rs.76.26/Ltr Rs.83.79/Ltr Rs.53.59/Ltr Rs.57.11/Ltr
Sep 01, 2015 Rs.79.79/Ltr Rs.73.76/Ltr Rs.82.04/Ltr Rs.53.59/Ltr Rs.57.11/Ltr
Aug 01, 2015 Rs.82.78/Ltr Rs.76.76/Ltr Rs.85.05/Ltr Rs.56.59/Ltr Rs.60.11/Ltr
Jul 01, 2015 Rs.83.8/Ltr Rs.77.79/Ltr Rs.87.11/Ltr Rs.61.51/Ltr Rs.64.94/Ltr
Jun 01, 2015 Rs.83.8/Ltr Rs.77.79/Ltr Rs.87.12/Ltr Rs.61.51/Ltr Rs.64.94/Ltr
Apr 01, 2015 Rs.80.18/Ltr Rs.74.29/Ltr Rs.83.61/Ltr Rs.57.94/Ltr Rs.61.44/Ltr
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Comments
Oil rises as Syria fighting intensifies; U.S. hurricane worries fade. Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. oil facilities. Hurricane Joaquin, which on Thursday had prompted fears of storm damage to U.S. East Coast oil installations, was downgraded and is now seen as less likely to pose a major threat, the U.S. National Hurricane Center said. Still, U.S. crude CLc1 was 85 cents higher at $45.59 barrel by 0200 EDT, after settling 35 cents lower in the previous session. U.S. gasoline futures RBc1 first rallied then slipped on Thursday to end a volatile session flat at $1.3668 a gallon. Global benchmark Brent LCOc1 was 67 cents higher at $48.36 a barrel. The contract had closed the previous session down 68 cents.
Ghufran Noman Sat 03 Oct, 2015

‎Petrol‬ and ‪‎diesel‬ ‪‎prices‬ to remain unchanged for October, 2015. Finance Minister Ishaq Dar said on Wednesday that the prices of all petroleum products would remain unchanged for the next month (October). Addressing a news conference in Islamabad this evening, he said that the Oil and Gas Regulatory Authority (OGRA) had recommended a nominal decrease of 15 paisa in the price of petrol and an increase or decrease of Rs 2.51 to Rs 2.99 in prices of other products. Dar said after consultations with Prime Minister Nawaz Sharif over telephone in New York, it has been decided to keep the prices of POL products unchanged. The minister went on to say that the last date for filing of Income Tax Returns has been extended till October 31. He added that the concessional rate of withholding tax on banking transactions for non-filers would also remain applicable for another month at the demand of traders.
Suleman Shahaan Thu 01 Oct, 2015

Petrol, diesel prices likely to be slashed from October 01. Oil and Gas Regulatory Authority (OGRA) has moved summary to the ministry of petroleum for changes in the petroleum product prices from October 01, Geo TV reported on Tuesday. Sources said, the regulatory body has recommended Rs0.10 per litre cut in the petrol price and Rs2 per litre in diesel, HOBC and kerosene oil prices.
Mahboob Mahmood Wed 30 Sep, 2015

PTI Chairman Imran Khan called the reduction in petroleum prices by the federal government as a cruel joke on the nation. He said the reduction was insufficient and unacceptable. “It is also a well-established fact that such IMF-dictated policies are a major source of social instability and unrest in developing countries,". Khan asked how can a 45% GST on diesel be justified by a government which had promised to reduce the 16 % GST it inherited from the previous Zardari government?
Fayyaz Pona Mon 21 Sep, 2015

International oil prices: Who benefits from low oil prices. Lower fuel prices are great for the consumer, but we know that not all of the cost saving of lower crude oil and gas prices have been passed on to the general public. Oil and gas refiners prosper from lower oil prices. Like the rest of the oil industry, refiners' revenues are down, but their profit margins are up significantly. Refiners are using lower crude prices to widen their cut of the pump price of oil. In other words, the lower price of oil is not entirely passed down to consumers at the pump, instead the difference is enabling refiners to increase their profits.
Andrew John Tue 08 Sep, 2015

Residents, transporters and traders have welcomed further reduction in fuel prices announced by the government and termed it a direction toward prosperity.Talking to APP on Tuesday, they said that other petroleum goods prices would also decrease. Nabeela Aslam, a housewife, said three rupees cut in fuel items is a good signal. However, it would be complete and meaningful only when its impact was visible on essential commodities,she added. Jafar Nauman,an industrialist said, Pakistan Muslim League-Nawaz led government is looking committed to facilitate people in meaningful manner but the concern authorities should also help the government to implement new prices.Absar Aleem, Waseem dar, Tahir Naeem and some other businessmen said "The government has reduced petroleum prices keeping in view the inflation rate, while the sit-ins and protests are causing huge loss to the national economy,".They said the government is looking to pursue the agenda of providing relief to the people, and does not want to indulge in the `politics of accusations' being practiced by other parties. Usman Talha, Tanveer Butt, Shakeel Malik and other traders said that the country is moving towards economic stability due to the steps taken by the government, but the sit-ins had hindered the development process.
Nabeela Aslam Wed 02 Sep, 2015

A strike called by the Oil Tanker Owner's Association has caused a severe shortage of petrol in Karachi, Quetta and several parts of the country. The shortage comes as the government notified a decrease of Rs 3 per litre in the prices of petrol and diesel from Tuesday. Chairman Petroleum and CNG Association Shabir Sulemanji said earlier today that 30 percent of fuel stations in Karachi have run out of petrol and diesel due to the strike, expressing hope that situation would improve by Wednesday. But Geo News correspondent Ali Imran said that by now petrol was available on only about 20 to 25 percent pumping stations – those too most likely on the outskirts of Karachi. He said that there were also reports of fuel stations illegally selling petrol in black at exorbitant rates of up to Rs100 per litre. Read more: Prices of petrol, diesel slashed by Rs3 per litre Some parts of Sindh and Punjab have also begun to feel the effect of the shortage, with fears that the shortage may spiral out of control. The strike by the Oil Tanker Owner's Association, called to protest against sales tax imposed on transportation of oil, is being seen as the main reason for the shortage which is causing great difficulty for consumers. Experts and observers say the effects of the shortage are exacerbated by pumping stations not keeping enough stock and consumers waiting for prices to go down to refill their fuel tanks.
Saira Fareed Wed 02 Sep, 2015

Petrol Prices 1st September, 2015 - However, the government cut the price of petrol by Rs 3 per litre from Rs 76.76 to Rs 73.76 per litre, diesel's by Rs 3.01 from Rs 85.05 to Rs 82.04, HOBC's by Rs 3 per litre from Rs 82.79 per litre to Rs 79.79 per litre, kerosene oil's Rs 3 per litre from Rs 60.11 to Rs 57.11 and Light Diesel Oil (LDO's) Rs 3 per litre from Rs 56.59 to Rs 53.59 per litre.
Shumaila Shaukat Tue 01 Sep, 2015

Govt acha ni koya 7 rupay keh k 3 rupay Reduce kr rahy ho
Shoaib Mian Mon 31 Aug, 2015

Rs 6.15 cut in petrol price to be announced today. The Oil and Gas Regulatory Authority (OGRA) Sunday recommended cut in petroleum products’ prices by at least Rs 7.5 per litre starting from September 1. The department dispatched a summary regarding petroleum products’ prices to the PM. The summary recommends a price cut of at least Rs 6.15 in petrol prices from the start of September. Petrol’s current price is Rs 76.76 per litre. The recommended price cut will result in price Rs 70.61 per litre. High seed diesel price is recommended to be reduced by Rs 7.50 while light speed diesel s by Rs 6.50 per litre.
Sohail Shoaib Mon 31 Aug, 2015

Oil war between big countries and richest countries who have plenty of oil and oil reserves. Oil surges 10.3% to $42.56 a barrel; best day since March 2009. Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. Snapping back fiercely from a deep two-month slump that reached 6½ year lows this week, oil climbed as world stock markets rose on hopes Chinese government measures to stimulate the economy would pay off, while the dollar strengthened as risk aversion eased.
Omer Ahmed Fri 28 Aug, 2015

I read this paragraph today, I am interested to know Why Venezuela need an emergency meeting with OPEC? Oil prices soar over 10% on report Venezuela asked for emergency OPEC meeting. Oil futures soared Thursday, with U.S. prices jumping more than 10% on a report that Venezuela has asked the Organization of the Petroleum Exporting Countries to hold an emergency meeting. Venezuela has also asked OPEC to consider a coordination with non-OPEC Russia to discuss a strategy to stem the recent rout in oil prices, The Wall Street Journal reported, citing people familiar with the matter. Oct. crude CLZ5, +1.04% rose $3.96, or 10.3%, to settle at $42.56 a barrel on the New York Mercantile Exchange. The WSJ report came out in the minutes ahead of the Nymex settlement. Oil prices were already climbing on the heels of a stock-market rally and upbeat U.S. economic data.
Atif Sohail Fri 28 Aug, 2015

Ohhh, I hoped from beginning of August, in the September prices of petrol will be downed, but it crude oil raised now. Anyhow, Oil Prices Post Biggest Rise on Percentage Basis Since 2009. U.S. oil prices soared 10% on Thursday, as a rally in Chinese and U.S. stocks and better-than-expected U.S. economic data prompted a rush by traders to bail out of bearish bets that the market would fall. Traders and analysts at hedge funds, banks and brokerages said supply-and-demand conditions in the oil market remained weak and there appeared to be little fundamental justification for such a strong rally, or expectations of more price gains in the near future. Rather, they said, it appeared to be set off as investors with so-called short positions that profit from falling prices closed those bets out as the market turned against them.
Asif Fakhr Fri 28 Aug, 2015

International market brings relief for Pakistani nation. It will be good news for people of Pakistan as petroleum product prices are expected to decrease from September. Petroleum prices prices likely to go down up to six rupees per liter as rates were decreased in International market. According to Oil and Gas Regulatory Authority (OGRA), petrol prices are likely to cut by Rs 6.35/liter and price of high octane go down by Rs 8.10/liter. Sources revealed that Kerosene oil can be reduced by 3.90/liter, similarly speed diesel price will be reduced by 3.11/liter. What will be happened it will emerge on August 31.
Afreen Raheel Mon 24 Aug, 2015

Petroleum prices in Pakistan to go down by as much as Rs 6/ltr. Petroleum prices in Pakistan are likely to go down in wake of declining rates in international market. As the oil prices reached the lowest level in six years in global markets, a similar cut in petroleum oil and lubricants (POL) rates is expected in Pakistan. Sources within the Oil and Gas Regulatory Authority (Ogra) Wednesday said that petrol prices are likely to decrease by Rs 6.35/liter, while high octane to go down by Rs 8.10/liter. Similarly, the prices of high-speed diesel and kerosene oil can be reduced by Rs 3.90/liter and Rs 3.11/liter respectively. Rate of light-speed diesel is expected to reduce by Rs 3.57/liter. The finalized summary of reduction in prices will be forwarded to Ministry of Petroleum on August 27.
Uroosa Tayyab Mon 24 Aug, 2015

Oil price: seven-month low on shock stockpile surge. Benchmark US crude oil price hits a six-year low on the back of IEA report. A renewed oil price slump is showing no signs of letting up after a shock report revealed that a surge in crude oil reserve stockpiles has sent US prices spiralling to a six-year low. The international Brent crude benchmark is also at its lowest level since its January nadir.
Suhail Khan Fri 21 Aug, 2015

hello
Zahid hayyat Thu 20 Aug, 2015

Good
Talha Thu 20 Aug, 2015

Petrol prices are likely to be slashed between Rs 5-7 from September. Petrol prices will be reduced for Rs 6 and 15 paisas, high octane Rs 7, high speed diesel Rs 5 and 30 paisas and light diesel Rs 5. It is pertinent to mention here that oil prices slipped further in Asia on Tuesday, weighed down by a strengthening dollar as concerns about weakening demand in China added to expectations a global oversupply will last for years. US benchmark West Texas Intermediate for September delivery was down seven cents to $41.80 in late-morning trade. WTI has lost more than 30 percent in the past two months, bringing it to the lowest level since March 2009. Oil has led a slump in energy commodity prices in the past month “due to concerns about falling demand from China and robust global supply, especially in the US.”
Shakil Shah Thu 20 Aug, 2015

WTI Crude Oil Price Today Falls Alongside Chinese Yuan. The WTI crude oil price today (Tuesday) dropped toward a six-year low after China's unexpected decision to devalue its yuan currency. At 10:10 a.m., the WTI crude oil price was down 3.74% and trading at $43.28 a barrel. Today's losses erased yesterday's gains of 2.5%, which came on a respite in the U.S. dollar's rally. The U.S. benchmark has fallen 8.1% in August so far. The Brent crude oil price was slightly less volatile this morning. The international benchmark ticked down 2.82% to trade at $49.58 a barrel. Futures have dropped 6.2% this month. The steep fall in the WTI crude oil price today came after China devalued the yuan following weekend data that showed the country's exports tumbled 8.3% in July. This morning, China's central bank – the People's Bank of China (PBOC) – depressed its value by 1.9% to 6.23 yuan per dollar. That marks the lowest point since 2012 and the largest one-day fall since 1994, when China issued a massive devaluation after aligning its official and market rates. Although the nation touts the devaluation as a way to reform its struggling markets, it raises international concerns that China's government is panicking.
Shoaib Jokhio Thu 13 Aug, 2015

          
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