The government is expected to announce a decrease in petrol and diesel prices in the coming review, as international oil prices have gone down and local ex-refinery costs have also reduced.
According to reports, diesel prices have fallen by about Rs. 31 per litre, while petrol has become cheaper by around Rs. 8.54 per litre. The ex-refinery price of petrol has dropped from Rs. 277.06 to Rs. 268.52 per litre, showing a clear downward trend in global fuel costs.
Officials say the reduction in international oil rates is the main reason behind the expected price cut. When global crude oil prices fall, it usually leads to lower import and refining costs, which can benefit consumers in the domestic market.
However, sources also indicate that the full benefit of the price drop may not reach consumers directly. This is because the government has increased customs duty on petrol, which could offset part of the expected relief.
The final decision on fuel prices will be taken after discussions between the Prime Minister and the economic team. Authorities will review overall revenue needs, inflation conditions, and fiscal targets before announcing the revised rates.
Energy experts say fuel prices in Pakistan often depend on a combination of global oil trends, taxes, and currency exchange rates. Even when international prices fall, domestic adjustments may vary due to government revenue policies.
If approved, the reduction could provide some relief to consumers who have been facing high transport and living costs. The official notification is expected after the final approval process is completed, depending on economic considerations and budgetary requirements overall situation remains under review by authorities.
