By In a welcome development for consumers, petrol and diesel prices in Pakistan are expected to drop by up to Rs. 12 per litre starting April 16, 2025. The anticipated price cut comes on the heels of a significant decline in global oil prices, offering much-needed relief amid persistent inflation and rising living costs.
What’s Driving the Price Drop?
The global benchmark for oil, Brent crude, has recently experienced a sharp drop, falling from $74.95 to $60.12 per barrel. This substantial decrease has prompted early estimates that petrol prices could be reduced to around Rs. 242 per litre, while diesel may come down to Rs. 250 per litre.
Though the official rates will be confirmed by the Ministry of Energy, analysts and consumers alike are optimistic about the reduction. This change could have a ripple effect across the economy, potentially lowering transportation costs, product prices, and business overheads.
A Bigger Cut Than Last Month
Last month’s fuel price adjustment brought only a Rs. 1 per litre reduction—an amount too minor to make a real impact. In contrast, this projected Rs. 12 per litre decrease is expected to provide tangible financial relief, particularly for daily commuters, transporters, and small business owners.
Global Trends, Local Impact
Pakistan’s fuel prices are closely tied to international oil trends. When global oil markets dip, it opens the door for domestic price cuts. However, market volatility remains a concern. Factors such as geopolitical tensions, supply chain disruptions, or changes in OPEC+ policies could quickly reverse the current trend.
A Boost for the Public and the Economy
If the decrease takes effect, it could ease the financial pressure on households and improve economic sentiment. Lower fuel costs may stimulate consumer spending and support business recovery, giving Pakistan’s economy a modest yet meaningful boost.
As the country waits for official confirmation, all eyes are on April 16—a date that could bring a rare dose of relief to millions of Pakistanis.
