Crude Oil Price Today

Recent days are Investify's daily closes of the front-month futures quote. Older days are the U.S. Energy Information Administration's daily spot prices (Max goes back to 1987), so the line can step where the two meet. Prices are in US dollars, not adjusted for inflation.

Platts assessments as published by OGRA. State Bank rate as printed in the same data.

Rupee equivalents are world prices converted at USD/PKR 276.41. Local market prices also include duties, freight and margins, so they differ. Change compares with the previous close, or with the previous month for monthly rows. Live quotes are indicative.

• Petrol and diesel prices

  Pakistan prices petrol and diesel every working day from Platts Arab Gulf product prices, which follow crude. OGRA uses a rolling seven-working-day average, so a sharp move in crude reaches the pump over days, not at once, and taxes and margins stay in the price either way. Petrol is Rs 374.51 per litre today. How the price is built.

• The import bill and the rupee

  Pakistan imports most of the oil it uses, so petroleum is one of the largest items in its import bill. A higher oil price means more dollars leave the country for the same barrels, which adds pressure on reserves and the rupee; a lower price eases it. A one-dollar move in Brent changes the cost of a barrel by about Rs 276 at today's rate. Exports, remittances and loan flows matter just as much, so oil alone does not decide the exchange rate.

• Electricity

  Part of Pakistan's power is generated from furnace oil and imported LNG (RLNG), whose prices follow oil and world gas markets. Changes in fuel cost reach consumers through the monthly fuel charges adjustment on bills. LNG delivered to Japan averaged $14.25 per MMBtu in September 2026. Gas and coal prices are on the commodity board.

• Cooking oil and ghee

  Pakistan imports most of its edible oil, mainly palm oil, paid for in dollars. Palm oil averaged $1,180 a tonne in September 2026, about Rs 326 per kg at the interbank rate. Shop prices also include duties, freight and margins, so they move with the world price and the rupee, with a delay.

• Textiles and cotton

  Cotton is the main raw material of Pakistan's textile industry, the country's largest export sector. The Karachi spot rate is Rs 18,080 per maund. World cotton closed at 77.85 US cents per pound. Oil matters here too: polyester competes with cotton, and energy is a large part of mill costs.

• Fertilizer and food

  Pakistan makes urea at home, mainly from natural gas, so its cost follows local gas supply and pricing more than world oil. DAP is largely imported and follows the world price. World urea averaged $407.50 a tonne in September 2026. Fertilizer costs reach food prices through the crop cycle, not within days.

This list is for general information and is not investment advice. Each company reacts to oil prices differently, and prices of shares depend on much more than oil.

• Oil prices today: Brent at $117.62, WTI at $104.18Published: October 30, 2026
• PSO seeks approval for Qatar LNG offer at 11.96% of BrentPublished: October 29, 2026

• Live quotes

  Brent, WTI, platinum, palladium, copper, gold and silver are quoted every minute while their markets are open. Brent and WTI are front-month futures quotes, so they are indicative and can differ from an exchange settlement price. The market state and the time of the last quote, in Pakistan time, are shown beside each price.

• Official daily spot

  The U.S. Energy Information Administration (EIA) publishes Brent and WTI spot prices as public data, with a delay of about a week. Spot prices (physical barrels) and futures prices (a contract for later delivery) are different measures. The chart for long ranges uses the EIA series back to 1987.

• Pakistan's benchmarks

  Dubai crude and the Platts Arab Gulf petrol (gasoline 92 RON) and diesel (gasoil 10 ppm) assessments, and the State Bank rate, are as published by OGRA in its daily Platts data.

• Daily closes and monthly prices

  Natural gas, aluminium, ICE cotton, wheat, corn and soybeans are futures closes from the Pakistan Mercantile Exchange. Cotton spot is the Karachi Cotton Association rate. Coal, LNG, European gas, palm oil, soybean oil, sugar, urea and DAP are monthly averages from the World Bank Commodity Price Data (the Pink Sheet), published early each month.

• Rupee equivalents

  We convert world prices at the interbank USD/PKR rate shown on the page: rupees per barrel is the dollar price times the rate, per litre divides by 158.987 litres, per maund uses 37.324 kg, and the other local units use their standard weights. These are conversions of world prices, not local market prices, which also include duties, freight and margins.