Petrol Price in Pakistan:
Pricing petroleum products in Pakistan is a matter of significant importance for the nation’s economy and citizens. These prices, including those for premium petrol, high-speed diesel, light-speed diesel, and kerosene oil, are reviewed every 15 days and applied uniformly across all cities and regions of the country.
The term “petroleum” itself is intriguing, as it is derived from two distinct words: “petra,” meaning rock, and “oleum,” signifying oil. In its raw form, this substance is procured from both land and sea through the meticulous distillation process. What makes petroleum fascinating is that, in its unrefined state, it can encompass a diverse array of solid, liquid, and gaseous hydrocarbons.
Today, the petrol price in Pakistan for premium stands at Rs. 305.36 per litre, while high-speed diesel is priced at Rs. 293.4 per litre. Light-speed diesel follows closely at Rs. 147.68 per litre, and kerosene oil is available at Rs. 164.07 per litre. It’s essential to note that the government of Pakistan has implemented a policy of revising petrol prices twice a month, reflecting the dynamic nature of the global oil market and ensuring that the prices remain in line with economic and social considerations.
In essence, the pricing and distribution of petroleum products in Pakistan are pivotal aspects that impact the daily lives of its citizens and the broader economy. The regular reviews and uniform application of these prices are crucial in maintaining stability and ensuring that the nation can effectively navigate the challenges posed by the global energy landscape.