What is new price of petrol in Pakistan today?

The current price of Super Petrol in Pakistan today is PKR 283.38/Ltr . Please note that these prices are subject to change and it’s always a good idea to check the latest prices at your local petrol station.

What is the price of diesel in Pakistan?

The current price of High Speed Diesel in Pakistan today is PKR 303.18/Ltr1. Please note that these prices are subject to change and it’s always a good idea to check the latest prices at your local petrol station.

Why do fuel prices change so frequently?

Fuel prices fluctuate frequently due to several factors:

1. Crude Oil Prices: Retail gasoline prices are mainly affected by crude oil prices . High gas prices are created, in biggest part, by high crude oil prices. Oil costs account for 43% of the price of regular gasoline .
2. Supply and Demand: Strong and increasing demand for gasoline and other petroleum products can place intense pressure on available supplies¹. When demand is bigger than supply, prices rise, and vice versa .
3. Seasonal Changes: Gasoline prices can change rapidly if something disrupts crude oil supplies, refinery operations, or gasoline pipeline deliveries. Even when crude oil prices are stable, gasoline prices fluctuate because of seasonal changes in demand and in gasoline specifications¹. Gas prices rise every spring and peak in late summer when people drive more frequently .
4. Gasoline Inventories: The supply of gasoline is largely driven by crude oil supply and refining, gasoline imports, and gasoline inventories (stocks). Stocks are the cushion between major short-term supply and demand imbalances, and stock levels can have a Important impact on gasoline prices .
5. Market Factors: Many factors affect oil and gas prices, including commodities speculation, and the value of the U.S. dollar .

Please note that these are just a few of the many factors that can cause fuel prices to change frequently. It’s a complex interplay of various economic, political, and technical factors.

Why do gas prices vary by location?

Gas prices can vary by location due to several factors:

1. Taxes and Fees: State taxes and fees are a major reason for the variations in gas prices¹². These taxes are mainly used to fund road repairs and infrastructure upgrades.
2. Proximity to Refineries and Transportation Facilities: The closer a location is to a refinery or a transportation facility, the lower the transportation costs, which can result in lower gas prices . Conversely, if gasoline has to be transported long distances, the prices can be higher .
3. Environmental Regulations: Some states, like California, require cleaner-burning fuel, which can be more expensive to produce and thus lead to higher gas prices.
4. Local Market Conditions and Competition: The level of competition among local gas stations can influence gas prices. In areas with more competition, prices can be lower².
5. Cost of Doing Business: Factors such as rent, staff wages, and utility costs can vary by location and affect the final price of gas².
6. Contractual Agreements: Contractual agreements between the gas station and its supplier can also influence the price⁴.

Please note that these are just a few of the many factors that can cause gas prices to vary by location. It’s a complex interplay of various economic, political, and technical factors.

What is the difference between petrol and diesel?

Petrol and diesel are both derived from crude oil, but they have different properties and uses due to their distinct chemical compositions and refining processes¹². Here are some key differences:

1. Chemical Composition: Diesel is composed of about 75% saturated hydrocarbons (primarily paraffins including n, iso, and cycloparaffins), and 25% aromatic hydrocarbons (including naphthalenes and alkylbenzenes). The average chemical formula for common and important diesel fuel is C12H23, ranging from approx. C10H20 to C15H28¹. Petrol consists of hydrocarbons with between 5 and 12 carbon atoms per molecule but then it is blended for various uses¹.
2. Energy Content: Diesel has a higher energy content per gallon, which translates into diesel-powered vehicles getting more miles per gallon than petrol³. The calorific value of diesel fuel is roughly 45.5 MJ/kg (megajoules per kilogram), slightly lower than petrol which is 45.8 MJ/kg². However, diesel fuel is denser than petrol and contains about 15% more energy by volume².
3. Ignition Process: Petrol engines utilize spark ignition, while diesel engines use compression ignition⁵.
4. Emissions: Diesel fuel produces approximately 13% more CO2 gas per gallon of fuel burned, compared to gas (petrol) engines¹. Petrol has higher levels of CO2 and carbon monoxide than diesel, but does not produce Suspended Particulate Matter like diesel³.
5. Volatility: Petrol is more volatile than diesel, not only because of the base constituents, but because of the additives that are put into it¹.
6. Torque and Power: Diesel engines produce more torque at lower RPMs, making them suitable for heavy-duty vehicles⁵. Petrol engines run at higher RPMs¹.

Please note that these are just a few of the many differences between petrol and diesel. It’s a complex interplay of various economic, political, and technical factors..

FAQs about price of petrol in Pakistan today?