This Month new petrol price in Pakistan

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• ISLAMABAD: Experts claim that given the recent decline in oil prices on the global market, the price of gasoline in Pakistan should have been cut by Rs. 25 per litre.

However, because of the rupee's uninterrupted decline against the dollar and the local currency's recent daily record-breaking lows, the government would be unable to pass on the savings from lower petroleum product costs to the nation's consumers.

Today petrol rate in pakistan

In relation to the US dollar, which has been increasing for nine straight sessions in the interbank market, the local currency had already fallen to a record low. In the interbank market, the value of the dollar dropped by Rs3.09, or 1.31 percent, to finish at a record-high of Rs236.02, up from Rs232.93 the day before.

Since July 15, 2022, when it ended at almost Rs211, the value of the dollar has increased by Rs25 versus the rupee.

It is crucial to keep in mind that if the exchange rate depreciated, customers would not profit from a drop in the price of petroleum goods over the course of the following two weeks.

Petrol prices in world in pkr

An important representative of the oil industry claims that between July 14 and July 26, the cost of gasoline should have dropped by Rs 25 per litre, and there may have been some price drops for diesel as well.

According to the condition set forth by the IMF, the currency loss might result in an increase in the price of diesel and gasoline over the course of the next two weeks, as well as a rise in the petroleum tax (PL), the official stated.

Petrol price in pakistan tomorrow

International crude oil prices were at $103 per barrel, while those for gasoline and diesel were around $100 and $120 per barrel, respectively.

According to these prices, he claimed, a drop in local oil costs was feasible if the exchange rate remained steady.

He emphasised that the ultimate price will be set by the government after taking Pakistan State Oil's (PSO) exchange loss for the importation of crude and petroleum products into consideration.

He said that the local market's dollar scarcity had contributed to issues with oil import letters of credit, which were now trading for more than $240.

To provide people the most relief possible, Prime Minister Shehbaz Sharif reduced the price of gasoline by Rs18.50 a litre on July 14.

Pso petrol price in pakistan

The prime minister said in an address to the nation that the government had increased the price of gasoline after assuming office in order to meet IMF demands that had been agreed to by the previous PTI-led administration.

The finance minister responded to the prime minister's statement by saying, "PM has just announced a drop in the pricing of petrol by Rs 18.5 per litre [and] by Rs 40.54 per litre."

"Starting on July 15, gasoline will cost Rs 230.24 and diesel Rs 236 per litre, respectively. Alhamdulillah, Kerosene is now cheaper by Rs 33.81 to Rs 196.45, and LDO is now cheaper by Rs 37.71 to Rs 191.44. He shared a graph of Brent crude oil prices on the global market in his tweet.