Islamabad, Mar 11, 2025: Fuel prices in Pakistan are anticipated to decline by Rs. 13 to Rs. 15 per litre in the coming days due to a continuous drop in global oil rates.
This expected reduction aligns with international market trends, where crude oil values have been on a downward trajectory.
The government is likely to introduce notable cuts in petroleum prices for the next fortnight.
In addition to petrol, the price of diesel is also projected to decrease by approximately Rs. 11 per litre, offering relief to consumers amid economic challenges.
The Oil and Gas Regulatory Authority (OGRA) is set to present a detailed proposal on fuel price adjustments to the prime minister.
Once approved, the Finance Ministry will issue an official notification to implement the revised rates nationwide.
These changes reflect the impact of global oil market fluctuations, where crude prices have dipped for the second consecutive day.
Analysts attribute this decline to growing concerns over a possible US recession and the influence of international trade policies on economic growth.
Furthermore, OPEC+ members are preparing to increase production, further affecting market dynamics.
On Tuesday, early trading showed Brent crude futures slipping by 6 cents (0.1%) to settle at $69.22 per barrel.
Similarly, US West Texas Intermediate (WTI) crude futures dropped by 13 cents (0.2%), reaching $65.90 per barrel.
These fluctuations indicate a volatile energy market, directly influencing fuel prices in Pakistan.
With these anticipated reductions, consumers across the country may experience some financial relief.
However, the final decision will depend on official approval and implementation by the concerned authorities.
