Petrol Price in Pakistan 2024
Petrol is very useful for the working of motor bikes. Its price fluctuates within the passage of time. For that purpose, this article will give you a comprehensive detail of petrol prices in Pakistan.
Petroleum Rates in Pakistan
| Product Name | New Price (Rs.) | Old Price (Rs.) | Difference (Rs.) |
| Petrol | Rs 273.10 | Rs 288.49 | -15.39 |
| High Speed Diesel (HSD) | Rs 273.10 | Rs 281.96 | -7.88 |
| Kerosene Oil (SKO) | Rs 173.48 | Rs 183.34 | -9.86 |
| Light Diesel | Rs 161.17 | Rs 168.71 | -7.54 |
Factors Influencing Petrol Price in Pakistan
There are number of factors influence the petrol prices that are mentioned below:
Government Policies
Government policies include Petroleum Levy, General Sales Tax (GST), and other surcharges. Moreover, the Price Measuring Mechanism (PMM) is another important factor influenced by the government. It consists of oil prices, exchange rates, and local operational costs.
High Prices Impact on Society
Here are certain factors influencing the society, such as Food insecurity, educational attainment, energy accessibility, and regressive impacts.
Conclusion
To conclude, this article talked about the changes in petroleum prices and its impacts on society. Moreover, it has mentioned the government policies as well. Through this article, you can find the important information regarding petroleum.
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