ISLAMABAD: Petroleum product prices in Pakistan are expected to decrease starting October 1, following a significant drop in the international market.
According to media reports, the federal government is anticipated to announce a notable reduction in petrol prices on September 30. Estimates suggest that petrol prices could fall by Rs 1 to Rs 3 per litre, while diesel prices may decrease by Rs 3 per litre as well.
This potential relief comes after global oil prices declined, with Brent crude dropping by US$0.50 to $72.27 per barrel. The government is considering these adjustments in light of the lower international prices.
Local media reports say that the Prime Minister’s approval will be sought before the new prices are officially announced on September 30.
On September 15, the government had already reduced petroleum product prices, offering some relief to consumers nationwide. At that time, petrol prices were cut by Rs 10 per litre, while diesel saw a reduction of Rs 13.6 per litre. Additionally, the price of light diesel was lowered by Rs 12 per litre, and kerosene prices decreased by Rs 11 to Rs 15 per litre.
