ISLAMABAD: The government of Pakistan is preparing to revise petroleum prices for the first half of June 2025, with a formal announcement today.
This revision comes amid minor shifts in the international oil market, where price movements have shown a relatively stable trend with slight downward pressure.
According to preliminary estimates, petroleum products in Pakistan may see a modest price adjustment, offering a small degree of relief to the general public. Petrol is expected to be reduced by Rs. 0.60 per litre, bringing the new rate down from the current Rs. 252.63 to Rs. 252.03 per litre. Similarly, the price of high-speed diesel (HSD) may see a minor decrease of Rs. 0.28 per litre, lowering it from Rs. 254.64 to Rs. 254.36 per litre.
However, not all fuel types are projected to become cheaper. Kerosene could see an increase of Rs. 0.30, taking the new price to Rs. 164.96 per litre. Light Diesel Oil (LDO) is expected to rise by Rs. 1.30 per litre.
The anticipated change in petroleum prices is based on the latest global oil trends, which have remained relatively calm but not low enough to trigger a significant local price drop. Despite recent reductions in the international market, Pakistan has been criticized for not passing on the full benefit to consumers. Many economic observers argue that domestic petroleum pricing does not always reflect global dynamics due to tax structures and import costs.
Currently, Pakistan is charging Rs. 252.63 per litre for petrol and Rs. 254.64 for HSD, with the last change coming on May 16, when HSD was reduced by Rs. 2 per litre while petrol remained unchanged.
The federal government’s decision to revise petroleum rates, effective from June 1, is seen as a cautious attempt to balance fiscal needs with public expectations as Pakistan navigates through economic recovery.