New Petrol Price in Pakistan: January 15, 2025
Bad news, as the government has hiked petrol and diesel prices again. Petrol price in Pakistan increased by Rs. 3.47, and diesel increased by Rs. 2.61. If you are wondering why the prices have increased and what is the latest petrol price in Pakistan today, you are on the right page. Let’s take a look at the latest crude oil prices and also the petrol price breakdown in this blog.
Here are the latest petroleum prices, effective January 15, 2025.
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 |
OGRA Notification
If you are wondering what the price per liter of petroleum products is in Pakistan, the following information will be helpful:
Petroleum Levy in Pakistan
This is the current (with effect January 1, 2025) 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)
History of Petrol Prices in Pakistan
Date | Petrol Price / Litre (PKR) |
January 15, 2025 | 256.13 |
Decenber 31, 2024 | 252.66 |
December 16, 2024 | 252.10 |
December 1, 2024 | 252.10 |
November 1, 2024 | 248.38 |
October 16, 2024 | 247.03 |
October 1, 2024 | 247.03 |
September 16, 2024 | 249.10 |
September 1, 2024 | 259.10 |
Aug 14, 2024 | 260.96 |
Aug 1, 2024 | 269.43 |
July 15, 2024 | 275.60 |
July 1, 2024 | 265.61 |
June 15, 2024 | 258.16 |
June 1, 2024 | 268.36 |
May 15, 2024 | 273.10 |
May 1, 2024 | 288.49 |
April 16, 2024 | 293.94 |
April 1, 2024 | 289.41 |
March 16, 2024 | 279.75 |
March 1, 2024 | 279.75 |
February 16, 2024 | 275.62 |
February 1, 2024 | 272.89 |
January 16, 2024 | 259.34 |
January 1, 2024 | 267.34 |
December 16, 2023 | 267.34 |
December 1, 2023 | 281.34 |
November 16, 2023 | 281.34 |
November 01, 2023 | 283.38 |
October 16, 2023 | 283.38 |
October 01, 2023 | 323.38 |
September 16, 2023 | 331.38 |
September 01, 2023 | 305.36 |
August 16, 2023 | 290.45 |
August 01, 2023 | 272.95 |
July 16, 2023 | 253.00 |
June 01, 2023 | 262.00 |
May 16, 2023 | 270.00 |
April 16, 2023 | 282.00 |
March 16, 2023 | 272.00 |
March 01, 2023 | 267.00 |
February 16, 2023 | 272.00 |
January 29, 2023 | 249.80 |
Petrol Price in Pakistan: Analysis
Well, as I predicted, the increase in fuel prices was expected due to the rise in global oil prices. The OPEC pet barrel price was $74.59 on December 31, 2024, which has now increased to $81.25 on January 14, 2024. With this significant increase, we may see another increase on February 1, 2025, especially if global oil prices continue to rise.
FAQs
What is the petrol price in Pakistan today?
The price of 1 liter of petrol in Pakistan is currently PKR 256.13/Ltr.
What is the highest recorded price of petrol in Pakistan?
The highest recorded price of petrol in Pakistan was 2023-09-16, during which petrol is available at a staggering PKR 331.38/Ltr.
How are petrol prices calculated in Pakistan?
Petrol prices in Pakistan are calculated based on a formula that takes into account factors such as international crude oil prices, exchange rates, taxes, freight charges, distribution margins, and dealer commissions.
If you have any thoughts on this, please share them in the comments below.
Also check: LPG Price in Pakistan Today