2023 is ending in a couple of days, so we decided to give a review on petrol price in Pakistan throughout these 12 months. We will compare the fuel price on January 1 vs. December 16, the last time prices were revised. At the start of this year, the petrol price was Rs.214.8/l, compared to the current Rs. 267.34/l, meaning there is a difference of Rs. 52/liter. However, it is pertinent to mention that the petrol price this year reached a record high of Rs. 331/l, hinting at the level of inflation this country faced.

Meanwhile, the price of High-speed Diesel (HSD) on January 1 was Rs.227.8/l against the current Rs. Rs.276.21/l, an increase of Rs. 49 in just one year. Here is a complete chart of the prices of petrol, diesel, Light-Speed Diesel (LDO), and Kerosene Oil in 2023.

Dollar & Petrol Price in Pakistan 

The fuel prices in Pakistan are directly linked to the forex exchange, and 2023 was not a good year for PKR against USD. On January 1, 2023, the dollar rate in Pakistan was Rs. 226, while it stands at Rs. 282, a significant jump of PKR. 56 in just one year. Notably, the rate of the dollar reached up to PKR. 307 in September, leading to record high petrol prices in Pakistan during that month.

The bad news is that Pakistan’s economy is still quite unstable, and the coming months could be tough, meaning the petrol price in Pakistan is not likely to come down significantly soon. The expensive fuel means high inflation for the masses because they are directly interlinked. In short, the difficult circumstances will likely continue for Pakistan’s people. So, here is to a stable 2024 for Pakistan because stability, economically and politically, is the only solution for good production and sales of cars.

What is your take on petrol price in Pakistan in 2023? Tell us in the comments section.