Pakistan's government has hiked fuel prices by 6.5 percent to PKR 98.89 rupees, or USD 0.70 per liter, on April 1st, amid persistent fiscal and current account deficits and spiraling inflation. Gasoline Prices in Pakistan averaged 0.74 USD/Liter from 1995 until 2019, reaching an all time high of 1.14 USD/Liter in December of 2012 and a record low of 0.46 USD/Liter in December of 1998.
Gasoline Prices in Pakistan is expected to be 0.64 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gasoline Prices in Pakistan to stand at 0.59 in 12 months time. In the long-term, the Pakistan Gasoline Prices is projected to trend around 0.56 USD/Liter in 2020, according to our econometric models.