Pakistan is likely to see a decrease in petrol and diesel prices as global oil prices continue to decline. Market sources suggest this could bring much-needed relief to consumers facing inflation and rising costs.
According to international reports, petrol prices have dropped by $1.40 per barrel, falling from $7.24 to $5.84 per barrel, while diesel prices have decreased by $0.60 per barrel. This decline is expected to reduce petrol prices in Pakistan by Rs3.18 per litre and diesel by Rs3 per litre, though the final decision will be made by the government in the upcoming fuel price review.
A reduction in fuel costs could ease financial pressure on consumers and businesses, lowering transportation and operational expenses. With inflation already straining household budgets, cheaper fuel may help stabilize the prices of essential goods and services, providing some economic relief.
The government revises fuel prices every two weeks based on global trends, exchange rates, and tax adjustments. While falling oil prices suggest a potential price cut, factors like currency fluctuations and local taxation will determine the final rates. The official announcement is expected in the next price review.
The anticipated fuel price reduction offers hope for financial relief, but the extent of the decrease will depend on government policy and economic conditions. Consumers will have to wait for the official decision to see the actual impact at the pump.
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