Good news for consumers across Pakistan as petrol and diesel prices are expected to drop by Rs12 per litre starting April 16, 2025. This comes as a result of a significant decline in global crude oil prices, offering some long-awaited financial relief to the public.
Brent Crude Prices Plummet, Prompting Local Price Cuts
The drop follows a steep decline in Brent crude prices, which have fallen from $74.95 per barrel to $60.12 in recent weeks. This international trend has opened the door for local adjustments in fuel pricing.
Expected New Fuel Prices in Pakistan
Here are the projected new fuel prices based on the current global market trend:
| Product | Current Price (Rs/litre) | Expected Price (Rs/litre) |
|---|---|---|
| Petrol | 254.63 | 242 – 243 |
| Diesel | 258.64 | 250 |
Note: These prices are estimates based on global market trends. Final pricing will be determined by the Ministry of Energy (Power Division).
Background: Global Trends Driving Local Relief
The price reductions are primarily influenced by declining global demand and market pessimism, leading to a downward trend in crude oil prices. This drop will ease the burden on Pakistani households already coping with inflation and economic uncertainty.
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Recent Fuel Price Movements
Just last month, the government had only slightly reduced petrol prices by Rs1 per litre, with diesel prices remaining unchanged. This new expected reduction marks a substantial drop and is likely to be welcomed across the board.
Caution: Market Volatility May Still Affect Future Pricing
While this is a positive development, experts caution that fuel prices may remain volatile in the coming months due to fluctuating global energy market conditions. Consumers should prepare for possible adjustments in future reviews.
