There’s some welcome relief on the horizon for Pakistani motorists. Petrol & Diesel Prices in Pakistan are likely to decrease from May 1st, 2024. This follows a decline in global oil prices, offering a much-needed break to consumers who have been grappling with rising fuel costs.
The current price of petrol in Pakistan sits at Rs. 293.94 per liter, while High-Speed Diesel is priced at Rs. 290.38 per liter. Industry experts predict a decrease of Rs. 5 per liter for petrol and Rs. 7.85 per liter for diesel. This adjustment would bring the prices down to Rs. 286.09 and Rs. 282.53 respectively.
This anticipated reduction in Petrol & Diesel Prices in Pakistan attributed to the recent dip in global crude oil prices. The price of Brent crude oil, a key benchmark, has fallen below $90 per barrel, down from highs exceeding $100 earlier in the year. This decrease in international prices is expected to be reflected in domestic fuel prices in Pakistan.
The downward revision in Petrol & Diesel Prices in Pakistan is likely to have a positive impact on various sectors of the economy. It could lead to a reduction in transportation costs, which would benefit businesses and consumers alike. Additionally, it could help curb inflation, which has been a major concern for the Pakistani government.
It’s important to note that these are expected prices, and the final decision rests with the government. However, the current trend suggests a decrease is imminent, bringing some much-needed financial relief to Pakistani motorists.
