The petroleum prices in Pakistan are anticipated to undergo a decrease in the forthcoming price review scheduled for April 30, owing to the recent decline in global oil prices.
Media reports indicate a reduction in global prices for diesel by $4.3 per barrel and gasoline by $1.86 per barrel, signaling a potential decrease in domestic prices.
Experts in the oil industry highlight the ongoing decline in petroleum product prices worldwide. Should these trends persist, it is likely that local petroleum prices in Pakistan will also witness a downward adjustment.
On April 29, 2024, the oil industry will finalize its data, reflecting the price movements observed over the past 15 days.
In the latest pricing review conducted on April 15, 2024, the government raised petrol prices by Rs4.53 per litre to reach Rs293.94 per litre. High-speed diesel saw an increase of Rs8.14 per litre, now priced at Rs290.38 per litre.
The government regularly adjusts petroleum prices every 15 days based on fluctuations in global oil prices and local currency exchange rates.
