A significant reduction in fuel prices is expected across Pakistan in the upcoming fortnight, driven by a decline in international crude oil prices and lower import premiums on petroleum products, according to a report by Express News on Wednesday.
Expected Price Cuts
Sources suggest that petrol prices could fall by up to Rs3.5 per litre, while high-speed diesel (HSD) may see a more substantial drop of Rs7 per litre. These anticipated cuts are in response to global trends, where crude oil prices have eased in recent weeks.
International oil benchmarks have seen notable declines — petrol prices are down approximately $1.5 per barrel, and diesel prices have dropped by $3 per barrel over the last two weeks.
Current Market Rates and Timeline
As of now, the ex-depot price of petrol stands at Rs252.63 per litre. However, the final pricing decision will be made and officially announced on May 15, 2025, following the completion of government calculations and adjustments based on prevailing tax and levy rates.
Global Market Impact
The drop in fuel prices reflects a broader softening in global energy markets. Reduced import premiums and a steady decrease in international crude rates have contributed to the expected domestic adjustments.
If confirmed, the reduction will offer some relief to consumers already burdened by inflation and high energy costs, and could positively impact transport and commodity prices in the short term.
