Gasoline Prices in Pakistan remained unchanged at 0.92 USD/Liter in February. This dataset provides the latest reported value for - Pakistan Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The global fuel energy price index stood at 188.62 index points in January 2025, up from 100 in the base year 2016. Figures increased that month due to a rise in crude oil prices as a result of new sanctions on Russian oil and greater heating fuel demand. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

Diesel price of Pakistan plummeted by 30.69% from 1.01 US dollars per liter in 2014 to 0.70 US dollars per liter in 2016. Since the 30.43% surge in 2012, diesel price sank by 41.67% in 2016. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.

The 2025 annual OPEC oil price stood at 78.1 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which amounted to 79.86 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2024 fall in prices was the result of weakened demand outlooks, primarily from China.

Pakistan PK: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.700 USD in 2016. This records a decrease from the previous number of 1.010 USD for 2014. Pakistan PK: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.640 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.200 USD in 2012 and a record low of 0.190 USD in 1998. Pakistan PK: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

Pakistan Consumer Price Index (CPI): Fuel and Lighting data was reported at 273.810 1990-1991=100 in Jan 2002. This records an increase from the previous number of 268.380 1990-1991=100 for Dec 2001. Pakistan Consumer Price Index (CPI): Fuel and Lighting data is updated monthly, averaging 173.050 1990-1991=100 from Jul 1991 (Median) to Jan 2002, with 127 observations. The data reached an all-time high of 275.770 1990-1991=100 in Sep 2001 and a record low of 108.450 1990-1991=100 in Jul 1991. Pakistan Consumer Price Index (CPI): Fuel and Lighting data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.I009: Consumer Price Index: 1990-91=100. Rebased from 1990-91=100 to 2000-2001=100. Replacement series ID: 46263101

Pakistan Wholesale Price Index: 1980-81=100: Fuel, Lighting & Lubricants data was reported at 379.110 1980-1981=100 in Aug 1996. This records an increase from the previous number of 377.830 1980-1981=100 for Jul 1996. Pakistan Wholesale Price Index: 1980-81=100: Fuel, Lighting & Lubricants data is updated monthly, averaging 230.470 1980-1981=100 from Jan 1989 (Median) to Aug 1996, with 92 observations. The data reached an all-time high of 386.550 1980-1981=100 in May 1996 and a record low of 181.600 1980-1981=100 in Mar 1989. Pakistan Wholesale Price Index: 1980-81=100: Fuel, Lighting & Lubricants data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.I019: Wholesale Price Index: 1980-81=100.

On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Pakistan Consumer Price Index (CPI): Weights: Annual: Fuel and Lighting data was reported at 7.290 % in 2010. This stayed constant from the previous number of 7.290 % for 2009. Pakistan Consumer Price Index (CPI): Weights: Annual: Fuel and Lighting data is updated yearly, averaging 7.290 % from Jun 2002 (Median) to 2010, with 9 observations. The data reached an all-time high of 7.290 % in 2010 and a record low of 7.290 % in 2010. Pakistan Consumer Price Index (CPI): Weights: Annual: Fuel and Lighting data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.I008: Consumer Price Index: 2000-01=100: Weights.

Crude Oil Production in Pakistan increased to 64 BBL/D/1K in November from 62 BBL/D/1K in October of 2024. This dataset provides - Pakistan Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pakistan Average Retail Price: Gas Charges: Up To 3.3719 MMBTU data was reported at 1,976.500 PKR in Feb 2025. This stayed constant from the previous number of 1,976.500 PKR for Jan 2025. Pakistan Average Retail Price: Gas Charges: Up To 3.3719 MMBTU data is updated monthly, averaging 295.000 PKR from Jan 2020 (Median) to Feb 2025, with 42 observations. The data reached an all-time high of 1,976.500 PKR in Feb 2025 and a record low of 141.600 PKR in Jun 2022. Pakistan Average Retail Price: Gas Charges: Up To 3.3719 MMBTU data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.P002: Average Retail Price: 2015-16 Price.

The Pakistani market for petroleum lubricating oil and grease declined modestly to $597M in 2024, shrinking by -3.9% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +4.9% against 2022 indices.