Pakistanis may finally get some financial relief as reports suggest that fuel prices are expected to go down at the start of December. After months of rising costs, officials believe that changing global oil trends and a stable exchange rate could allow the government to offer a noticeable cut in petrol and diesel prices.
According to early indications from the oil sector, price estimates for the first half of December show a downward trend. Experts say the reduction is mainly linked to a drop in international oil prices during the past two weeks.
Local companies have completed their internal workings and shared the updated figures with OGRA, which is now reviewing the data.
Once OGRA finalizes its analysis, a summary will be sent to the Ministry of Finance, which will make the final decision. The ministry is expected to consult with the Prime Minister before officially announcing the revised fuel rates. The new prices, once approved, will be effective for the first 15 days of December.
If the decrease is confirmed, it will help ease financial pressure on households, transporters and small businesses that have been struggling with higher fuel bills. Public transport operators say even a small reduction can lower their daily expenses, while ordinary citizens hope for some relief in grocery and travel costs.
Economists believe a cut in fuel prices could also slow down inflation as transportation and production costs may reduce slightly. While the exact amount of the decrease will be known at the end of the month, the early outlook has already brought hope to millions of people waiting for a break from rising expenses.
