Following a significant decline in the prices of oil in the international market, up to RS. 15 per litre decrease is expected in the prices of petroleum products in Pakistan from April, 16, 2025.
As per sources privy to the matter, the federal government prepares to adjust rates in response to a sharp decline in global oil prices. Petrol prices could drop by Rs10 to Rs15 per litre, while high-speed diesel might see a reduction of Rs8 to Rs12 per litre.
In Pakistan, petroleum prices are adjusted fortnightly based on international market trends and local economic factors. The Oil and Gas Regulatory Authority (OGRA) will submit a summary proposing reductions in fuel prices to the Ministry of Finance within the next few days. Once approved by the Prime Minister, the revised rates will be announced officially.
It should be noted that the international oil market has witnessed a significant downturn in recent weeks, with Brent crude futures falling to $63.64 per barrel—a near four-year low—amid fears of a global recession driven by escalating trade tensions between the United States and China.
Similarly, West Texas Intermediate (WTI) crude dropped to $60.05 per barrel, reflecting weakening demand and OPEC’s plans to ramp up supply.
Analysts attribute this decline to mounting concerns over economic growth and uncertainty surrounding tariff regulations.
