Pakistan is likely to see a significant reduction in petrol and diesel prices from tomorrow as the government prepares to announce revised fuel rates for the next fortnight. Market indicators suggest that the upcoming price adjustment could bring meaningful relief to motorists and businesses alike, following a steady decline in international oil prices.
Expected Reduction in Petrol and Diesel Prices
According to industry estimates, petrol prices may drop by around Rs. 9 per litre, while high-speed diesel (HSD) could see an even larger cut of nearly Rs. 10 per litre. These reductions are linked to lower global crude oil rates and reduced import premiums during the review period.
If implemented as expected, this would mark one of the largest fuel price cuts in recent months, offering welcome relief amid rising living and transportation costs. Major Petrol Price Decrease Expected Tomorrow
International Oil Prices Drive the Cut
The primary reason behind the anticipated price drop is the decline in international crude oil prices, which directly impacts Pakistan’s fuel import costs. In addition, reduced global demand and easing geopolitical pressures have contributed to lower oil market volatility, allowing space for domestic price adjustments.
Impact on Oil Marketing Companies
Analysts believe that oil marketing companies may also benefit from the upcoming revision. With falling ex-refinery prices, OMCs are expected to gain slightly higher margins in the next pricing cycle, even after passing on most of the relief to consumers.
Comparison With Previous Price Revision
In the previous fortnight, the government announced a smaller reduction, cutting petrol prices by Rs. 2 per litre and diesel by Rs. 4.79 per litre. The expected revision tomorrow is considerably larger, signaling a more favorable trend in the global oil market.
Economic and Public Impact
Fuel prices play a crucial role in determining transport fares, food prices, and overall inflation. A sharp reduction in petrol and diesel rates could help ease inflationary pressure, lower commuting costs, and reduce expenses for industries dependent on transportation and logistics.
Final Decision Awaited
The government will officially announce the final decision after reviewing OGRA’s recommendations, as market projections strongly indicate a major price cut. Consumers should wait for the formal notification before expecting changes at fuel stations.
