Oil Products in Pakistan
OGRA notifies a maximum price for four petroleum products, and every oil marketing company sells them at that rate nationwide. Two other fuels people ask about — 97 RON and CNG — are not on that schedule at all.
Notified products
The mass-market grade, used by nearly every car and motorcycle. Regulated: the same notified rate at every pump.
Freight, agriculture and public transport run on it, which is why a diesel revision feeds through to food and fare prices.
Lighting and cooking in areas off the gas network, and a solvent feedstock. Notified separately from the petrol/diesel schedule.
Sold by weight, not volume — the cylinder price follows from the per-kilogram rate.
Not on the notified schedule
These two are deregulated, so there is no single official rate to publish — the price varies by company and by station, and this site does not quote one it cannot source.
The crude behind the price
Pakistan imports refined product rather than refining much crude itself, so the notified price tracks the Platts Arab Gulf quotes for petrol and diesel — not crude directly. Crude still sets the direction, which is why these two are worth watching.
| Benchmark | Last settlement | Session |
|---|---|---|
| Brent Crude | 91.4400 USD/bbl | ▲ 0.46% |
| WTI Crude | 84.2300 USD/bbl | ▼ 0.84% |
Why crude and the pump price move apart
People reasonably expect a fall in Brent to show up at the pump within days. It often does not, and the reasons are structural rather than suspicious.
- Refined product, not crude. Pakistan mostly imports finished petrol and diesel, so the price follows the Arab Gulf quotes for those products. The gap between crude and refined product — the crack spread — moves on its own and can widen while crude falls.
- Averaged, not spot. The formula uses a seven-working-day rolling average, so a one-day move in the market reaches the notified price diluted and late.
- The exchange rate. The benchmark is in dollars and the pump price is in rupees. A weakening rupee can cancel a falling dollar price entirely.
- Fixed rupee components. Levies, duty, margins and the freight equalisation margin are charged per litre in rupees. They do not shrink when the international price falls, so a given percentage move in the benchmark produces a smaller percentage move at the pump.
The forecast page runs the whole buildup so you can see which of these is doing the work in any given period.