Pakistanis could see relief at the fuel pump as petrol prices are expected to decline by Rs8 to Rs10 per litre following a sharp drop in global crude oil prices. The expected reduction comes after international oil markets reacted positively to a pause in military tensions between the United States and Iran.
According to sources, petrol prices in Pakistan may be reduced from Monday after fuel prices surged by nearly Rs60 per litre last week due to uncertainty in global oil markets. At present, petrol is priced at Rs335 per litre, while high-speed diesel is being sold at Rs383 per litre.
The expected price cut follows a significant decline in international crude oil prices. Brent crude reportedly fell by around 5%, dropping to nearly $92 per barrel after briefly touching the $100 mark last week. The fall came as tensions eased following reports of a ceasefire and a halt in military escalation between the United States and Iran.
Market analysts believe the easing of geopolitical tensions has reduced concerns over potential disruptions to global oil supplies. As a result, international oil prices have retreated, raising expectations that countries including Pakistan may pass on some of the relief to consumers.
Despite growing speculation about lower fuel prices, neither the Oil and Gas Regulatory Authority (OGRA) nor the Petroleum Division has issued any official announcement regarding a revision in petroleum prices. Consumers are awaiting confirmation from the government before expecting any changes at fuel stations.
Meanwhile, Pakistan’s petroleum industry has expressed concerns over proposals for more frequent fuel price adjustments. Oil Marketing Companies (OMCs) have warned that daily revisions could disrupt supply chain management and create uncertainty in fuel inventories across the country.
Industry representatives have called for consultations with the government before any changes are introduced to the fuel pricing mechanism. They argue that frequent revisions could make stock management more difficult and affect the smooth availability of petroleum products nationwide.
While motorists are hopeful that declining international oil prices will translate into lower domestic fuel prices, the final decision will depend on the government’s official pricing review. Until then, petrol and diesel will continue to be sold at their current rates, with consumers closely monitoring any announcement from the relevant authorities.
