A decline in global oil prices may lead to a significant reduction in petroleum product prices in Pakistan. Sources suggest that petrol prices could decrease by Rs13 to Rs15 per litre, while diesel prices may drop by up to Rs11 per litre.
There is a strong possibility that the government will reduce petroleum prices for the next 15 days. OGRA will prepare a price adjustment summary and send it to the prime minister for approval. If approved, the Ministry of Finance will issue a notification regarding the new rates.
This expected price cut comes after a decline in oil prices in the international market. The final decision on the price revision will be made after the government’s review.
Consumers across the country are eagerly waiting for the new fuel prices, which could provide some financial relief. More details on the price revision will be available once the official notification is issued.