Petroleum rates in Pakistan are constantly changing according to the government’s supervision with the local and global economic conditions. If we see the past price graph of petroleum prices in Pakistan and in the whole world, prices are at their highest peak which is due to the high global inflation rate.
Petroleum products are always being sold after high expenditure costs of refining and customs in countries like Pakistan. All petroleum oils and lubricants are one of the biggest imports of Pakistan because yet we are not manufacturing oils locally.
Petroleum rates in Pakistan overview
|Petrol Prices||Per Liter||224-260 Pkr|
|Diesel Prices||Per Liter||180-236 Pkr|
|Kerosene Oil Prices||Per Liter||175-182 Pkr|
|LPG Prices||Per KG||210-220 Pkr|
|CNG Prices||Per KG||190-195 Pkr|
Oil, gas, and other energy sources are a long time coming from 2nd and 1st World Arab and American countries like Sadia Arabia, Qatar, Oman, UAE, and the USA. Due to a shortage of resources, the Pakistani government is still not able to put refineries to extract and purify Petroleum oils. Such first world countries are making electricity using petrolueom from decades.
Iraq and Iran are always having large oil resources naturally in their countries, but they also not having enough resources to put on large-scale refineries to supply the oil and gas to other countries.
Petroleum companies in Pakistan
There are uncountable petroleum corporates working in Pakistan for different purposes for refining petroleum products to supply and sell. Following are some known companies of Pakistan related to the petroleums sector:
- Puma Petroleums Private Limited
- Mari Petroleum Company Pvt Ltd
- Allied Petroleum Private Limited
- MOL Pakistan Oil and Gas Co
- Gas and Oil Pakistan Limited
- Petro Pakistan Pvt Ltd
- Jura Energy Corporation
- Deewan Private Limited
- Petroleum Exploration Limited
- My Petroleum Head Office
- Deewan Drilling Limited
- United Energy Pakistan
- BENZIN Mysons Petroleum
- Standard Oil Company
- PSO (Pakistan State Oil)
- General Petroleum Private Limited
- Pakistan Petroleum Ltd
- Pakistan Oil Fields Limited
- Zoom Petroleums
- United Energy Pakistan Ltd
- OKTA Exploration and Production Ltd
- HAscol Petroleum Company
- Northwest Petroleum Private Limited
- Petro Pakistan Pvt Ltd
- Pyramid Gas Pvt Ltd
- Taxx Petroleum Pvt Ltd
- Pakistan Oil Field Plant
- Petroflo Trading Company
- Vital Petroleum Private Limited
- My Petroleum Pvt Ltd
- Fast Oil Private Limited
- Horizon Oil Company Private Limited
- Adhi Oil and Gas field
- Petro Solutions
- AHlini Petroleum Company
- Attock Petroleum Limited
The above-mentioned companies include all companies from small to large scale, operating independently, locally, or with government support. Pakistan is not extracting its own crude oil due to limited resources. It’s been a long time government is trying to produce resources for extracting our own crude oil for further manufacturing of gas, oil, and other petroleum products.
Petroleum exploration in Pakistan
When petroleum exploration in Pakistan started, it was the time of General Ayub Khan in 1961. Pakistan Oilfield in partnership with Pakistan Petroleum started digging for petroleum resources in Pakistani land.
All types of petroleum products
All petroleum products are first extracted from crude oil which is a black color muddy oil with lots of impurities and then purified for human use. The process of purifying raw petroleum products is known as refining. The following are petroleum products known:
- Jet fuel (Hi-Octane)
- Heavy fuel oil
- Petrochemical feedstock
- Lubricants (engine oils and grease)
All such products are available in gas, jelly, and oil form. Liquid forms are petrol, diesel, kerosene, jet fuel, heavy fuel oil, some lubricants including engine oil, and solvents. Solid-state petroleum is paraffin. The LPG gas is available in liquid form in the cylinder, but when it gets contact with the external air, it gets converted into gas form.
Why petroleum rates in Pakistan are increasing?
Petroleum prices are not always the same throughout the year, they keep going up and down accordingly. Chances are if you see a price, for now, it may get changed after one month or two.
How petroleum prices are being calculated in Pakistan?
The OGRA also known as the Oil and Gas Regulatory Authority is responsible for setting national oil and petroleum prices after Approval from Prime Minister. Oil prices are set after adding customs, import, and processing charges.
Why petroleum prices are increasing worldwide?
All petroleum prices are increasing at the fastest rates, as the world population is growing, the demand for all resources is increasing and ultimately the prices of all products have been increasing and increasing continuously.
How petroleum products are made?
Petroleum products manufacture from raw crude oil which is the first thing extracted from the earth’s crust of fossil fuels. All petroleum products before going for consumption first go into the distillation and refining process in which unwanted impurities are removed.
Is Pakistan exporting petroleum to other countries?
YEs but at a minor scale it is exporting its raw petroleum to countries like United Arab Emirates, South Korea, Singapore, and Malaysia.
Petroleum is a necessity for all countries, it doesn’t matter whether the country is developed or developing. All the transportation within and out of the country is being operated just because of energy resources like oil and gas. We all know this is a limited natural resource and once over, it will never be renewed.
To handle the upcoming problem of petroleum shortage now engines are slowly transferring to electricity engines which are much more economical in terms of cost. Electric engines are growing but still have the biggest drawback of durability, such engines can not still go far away with one charging, and also they can not carry a lot weight as petroleum engines take.