Kerosene Oil Price In Pakistan Today On 21-11-2024 Is 173.48 PKR per Litre as per the official notification issued by Oil And Gas Regulatory Authority (OGRA) on 16th May, 2024 for the next 15 days.
According to the notification by the government (OGRA), the price of kerosene oil in Pakistan today is Rs 186.86 per litre. Kerosene oil is very important for homes, industries and economy. Used for lighting, heating and machinery, especially where other sources of energy are scarce. Changes in its price affect public and government decisions. Understanding the factors and history of pricing helps in understanding the dynamics of the energy market and their impact on the society and economy of Pakistan.
The following is the current updated price of kerosene oil in Pakistan including the new and old price of the kerosene oil.
Prices w.e.f 16-May-2024
| Product Name | New Price/Ltr | Old Price/Ltr | Difference |
|---|---|---|---|
| Kerosene Oil | Rs.173.48/Ltr | Rs.183.34/Ltr | -9.86 |
Kerosene Oil Price History In Pakistan:
Let’s explore the story of kerosene prices in Pakistan. It’s a story of how the price of this essential fuel has changed over time, changing lives across the country.
Think of it as a journey of ups and downs, where the price of kerosene reflects the challenges and successes of everyday life. From bustling cities to quiet villages, it’s a vital part of keeping homes lit and hearths burning.
As we look at historical data, we trace the reasons behind these price changes. It is a combination of factors such as supply, demand, government decisions, and global events.
Join us as we delve into the past to understand how kerosene prices have impacted Pakistan’s energy landscape, and steer us towards a brighter future.
| Date | Petrol Price (PKR) |
|---|---|
| 16 May, 2024 | Rs.173.48/Ltr |
| 16 April, 2024 | Rs.186.86/Ltr |
| 1 April, 2024 | Rs.186.86/Ltr |
| March 16, 2024 | Rs.186.86/Ltr |
| March 1, 2024 | Rs.186.86/Ltr |
| February 16, 2024 | Rs.186.86/Ltr |
| February 1, 2024 | Rs.186.86/Ltr |
| January 16, 2024 | Rs.188.83/Ltr |
| January 1, 2024 | Rs.203.25/Ltr |
| December 16, 2023 | Rs.201.16/Ltr |
| December 1, 2023 | Rs.204.98/Ltr |
Uses of Kerosene Oil:
- Household Lighting:
- Kerosene oil is commonly used in households across Pakistan for lighting purposes, especially in areas with limited access to electricity.
- Heating and Cooking:
- In colder regions or areas where alternative heating sources are unavailable, kerosene oil is used for heating homes and cooking purposes.
- Industrial Applications:
- Kerosene is also used in a variety of industrial applications, including powering machinery and equipment in sectors such as agriculture, manufacturing, and construction.
- Transportation:
- In some contexts, kerosene is used as a fuel for engines, particularly in older vehicles or machinery where alternative fuels are not readily available or feasible.
Factors Affecting Kerosene Oil Price in Pakistan:
- Global Crude Oil Prices:
- The price of kerosene in Pakistan is significantly affected by the global crude oil prices. Fluctuations in the global oil market can directly affect the price of kerosene in the country.
- Government Regulations and Taxation:
- Government regulations and tax policies play an important role in determining the final price of kerosene. Taxes imposed by federal and provincial governments can significantly affect the retail price of kerosene to consumers.
- Exchange Rates:
- Exchange rates between the Pakistani currency (PKR) and major foreign currencies, particularly the US dollar, can affect the price of imported kerosene. Fluctuations in exchange rates can lead to changes in the price of imported oil, which can be passed on to consumers.
- Transportation Costs:
- The cost of transporting kerosene from refineries to distribution points across Pakistan can affect its final retail price. Factors such as fuel costs, infrastructure, and logistics contribute to transportation costs, which in turn affect the overall price of kerosene.
- International Market Dynamics:
- International market dynamics, including geopolitical tensions, supply and demand dynamics, and production levels, can affect the global price of crude oil. A change in these dynamics may indirectly affect the price of kerosene in Pakistan.
Frequently Asked Questions (FAQs)
- What is the current price of kerosene oil in Pakistan?
- The current price of kerosene oil in Pakistan is PKR 186.86 per liter, as of the latest update.
- When was the last change made to the price of kerosene oil in Pakistan?
- The last change in the price of kerosene oil in Pakistan was on March 1, 2024, when it was maintained at PKR 186.86 per liter.
- What factors influence the price of kerosene oil in Pakistan?
- The price of kerosene oil in Pakistan is influenced by factors such as global crude oil prices, government regulations and taxation, exchange rates, transportation costs, and international market dynamics.
- How often does the price of kerosene oil change in Pakistan?
- The price of kerosene oil in Pakistan can change after every 15 days in Pakistan based on factors such as global market trends, government policies, and economic conditions.
- Why is kerosene oil used in Pakistan despite the availability of alternative energy sources?
- Kerosene oil remains widely used in Pakistan due to its affordability and accessibility, particularly in areas with limited access to electricity and alternative energy sources.
- What are the implications of changes in kerosene oil prices on the economy and society of Pakistan?
- Changes in kerosene oil prices can impact the purchasing power of consumers, household budgets, inflation rates, and overall economic stability in Pakistan.
- How do international events and geopolitical tensions affect the price of kerosene oil in Pakistan?
- International events and geopolitical tensions can contribute to fluctuations in global crude oil prices, which in turn influence the price of kerosene oil in Pakistan due to its dependence on imported oil.