Crude Oil Price

The current price of one barrel of crude oil is shown live at the top of this page for both Brent and WTI, quoted in US dollars per barrel. The number updates through the day from live market data, so it reflects the latest global price rather than a fixed daily figure.

Crude oil is priced per barrel in US dollars (USD/bbl). Two global benchmarks are quoted: Brent, the international benchmark used for most of the world including Pakistan's imports, and WTI, the main US benchmark. Both live prices are shown above, along with 30-day, 90-day and 1-year history.

Pakistan imports crude oil at international prices, so the barrel price that matters locally is the global Brent price in US dollars. This page shows both the live USD-per-barrel price and its equivalent in Pakistani rupees per barrel (the USD price multiplied by the current USD/PKR rate). A higher barrel price or a weaker rupee both push Pakistan's petrol and diesel prices up.

One barrel of crude oil equals 42 US gallons, or about 159 litres. So to convert a per-barrel price to a rough per-litre figure, divide the barrel price by 159. Note this is crude oil, not finished petrol — pump prices also include refining, taxes, levies and distribution margins.

Brent crude is sourced from the North Sea and is the pricing benchmark for roughly two-thirds of the world's oil, including the grades relevant to Pakistan. WTI (West Texas Intermediate) is the US benchmark. WTI is usually slightly cheaper than Brent; the gap between them is called the Brent-WTI spread.

Global crude is the single biggest input in Pakistan's fuel price formula. When the barrel price rises (or the rupee weakens against the dollar), the import cost per litre rises, and OGRA typically raises petrol and diesel prices at the next fortnightly revision. When crude falls, prices can ease — though levies and taxes can offset part of the drop.