Petrol and Diesel Price Today: Significant Relief Expected Overnight; Fuel Prices May Drop! Fluctuations in global crude oil prices are impacting the domestic market in Pakistan. Sources suggest the government is considering a reduction in petrol and diesel prices ranging from PKR 2.00 to PKR 7.00 per liter.
This adjustment could be implemented as early as midnight tonight. If implemented, this decision would offer much-needed relief to the general public struggling with inflation. However, no official announcement has been made by the government; internal sources indicate preparations for a price reduction are nearly complete.
Petrol and Diesel Could Become Cheaper!
According to government sources, the Pakistani government may reduce petrol prices by PKR 2 to PKR 3.50 and diesel prices by up to PKR 7 per liter late tonight. This decision is being made in response to the decline in international crude oil prices. The official notification is expected to be released tonight.
Impact of the Global Market – Domestic Rates Reduced Due to International Crude Oil Price Decline
International petrol and diesel prices have fallen by $1.5 to $3 per barrel in the last 15 days. This decline is directly impacting fuel prices in Pakistan, offering hope for relief to the public.
When Were Prices Reduced Last?
It is noteworthy that on April 30th, the government reduced both petrol and diesel prices by PKR 2 per liter. After the reduction, petrol was priced at PKR 252.63 and diesel at PKR 256.64 per liter. Further reductions are expected if the new cuts are implemented.
Relief on High-Speed Diesel – A Further Reduction of PKR 2 Per Liter
High-speed diesel prices have also been reduced by PKR 2 per liter, setting its new price at PKR 256.64 per liter.
