Oil Price Pakistan Today — Live PKR per Litre
Live Brent crude in PKR (Pakistani Rupee) per barrel and estimated per litre. Government sets retail petrol price via OGRA every two weeks. Updated every minute.
Pakistan Oil Price — PKR per Barrel & Litre (Live)
| Measure | PKR (Live) | USD (ref) | Change 24h |
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Note: The per-litre price above shows the international crude cost component only (Brent ÷ 158.987 litres per barrel × USD/PKR). Retail pump prices set by the Government of Pakistan include additional refinery margins, inland freight, OMC margins, dealer margins, Petroleum Development Levy, and GST — making actual pump prices significantly higher.
Pakistan Oil Market — OGRA and PSO
Pakistan imports the vast majority of its petroleum requirements, making it highly sensitive to both global crude oil prices and the USD/PKR exchange rate. The country has limited domestic crude production — primarily from fields in Sindh and Khyber Pakhtunkhwa provinces — supplying only a small fraction of national demand.
- OGRA (Oil and Gas Regulatory Authority): Pakistan's petroleum sector regulator, responsible for recommending retail prices for petrol (Motor Spirit/MS), high-speed diesel (HSD), kerosene, and light diesel oil (LDO). OGRA submits fortnightly price recommendations to the federal government, which may accept, partially accept, or override the recommendation for political or fiscal reasons.
- PSO (Pakistan State Oil): Pakistan's largest oil marketing company, majority state-owned. PSO manages petroleum imports, storage, and retail distribution through its nationwide network. It is listed on the Pakistan Stock Exchange (PSX).
- Fortnightly price revision: Retail petrol prices are set on the 1st and 15th of each month. This regular revision cycle means Pakistani consumers face frequent price changes, particularly during periods of international oil price volatility or Rupee depreciation.
- Petroleum Development Levy (PDL): A federal tax on petroleum products that is the government's primary revenue tool for the energy sector. The PDL can be adjusted to absorb or pass through international price changes — when the government cannot afford to absorb increases (particularly under IMF program conditions), the full PDL is charged, amplifying consumer price impact.
PKR Depreciation and Petrol Prices in Pakistan
Pakistan's petrol price in PKR is a function of two variables: international Brent crude in USD and the USD/PKR exchange rate. The Rupee's depreciation — from approximately Rs 150/USD in 2021 to Rs 280–300/USD by 2023–2024 — nearly doubled the PKR cost of the same barrel of oil, independent of international crude price movements.
The 2022–2023 IMF bailout program required Pakistan to eliminate fuel subsidies and implement cost-reflective pricing. This led to dramatic petrol price increases — from approximately Rs 150/litre in early 2022 to Rs 280–330/litre by 2023. The combination of Rupee depreciation, subsidy removal, and elevated global crude prices created a severe fuel cost shock for Pakistani consumers.
Pakistan's energy import bill is a major source of current account deficit pressure. Reducing petroleum imports through fuel efficiency improvements, electric vehicles, and domestic energy diversification is a long-term government priority — but implementation is slow relative to the scale of the problem.