Pakistan To Unveil May 2024 Petrol Prices Today

The federal government is anticipated to announce a reduction in prices for all petroleum products. Unofficial reports suggest that petrol prices could decrease by Rs4-5 per litre in the first half of May 2024. However, government officials have not provided any official updates yet, and the final decision will be disclosed after today’s meeting.

If these reports hold true, it would bring relief to inflation-stricken Pakistanis, with petrol prices potentially dropping from Rs293 to Rs288 per litre. Similarly, adjustments in the price of high-speed diesel are anticipated, with the new rate expected to hover around Rs282 per litre.

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This anticipated decline in the local market aligns with the decrease in the price of Brent crude in the international market.

Earlier this month, petrol prices surged by Rs4.53 per litre to reach Rs293.94 per litre, while high-speed diesel climbed to Rs290.38 per litre, marking an increase of Rs8.14 per litre.