Huge Drop Expected in Petrol Prices in Pakistan

Petroleum prices in Pakistan will likely decrease by more than Rs. 8 per litre amid recent fluctuations in international oil markets. According to sources, petrol prices may fall by as much as Rs. 8.27 per litre, while diesel rates could see a reduction of Rs. 7 per litre. Additionally, kerosene oil prices are expected to drop by Rs. 7.47 per litre, with light diesel rates decreasing by Rs. 7.21 per litre. This anticipated reduction represents a substantial decrease in Pakistan’s fuel prices, following the global downward trend in oil prices. In the previous adjustment last month, the federal government implemented a modest Rs. 1 per litre reduction in petrol prices. This minor cut brought the petrol rate down to Rs. 254.63 per litre from Rs. 255.63, while high-speed diesel prices remained unchanged at Rs. 258.64 per litre. Before that, on March 15, the government had maintained petroleum prices without any adjustments.