Islamabad, June 1, 2025 – The government of Pakistan announced on Saturday a slight increase of Re1 per liter in petrol prices for the upcoming fortnight, effective from June 1.
This decision was made amid easing trends in global oil markets and was confirmed through a notification issued by the Finance Division.
With this revision, the new petrol price now stands at Rs253.63 per liter, while the rate of high-speed diesel (HSD) remains unchanged at Rs254.64 per liter. Two weeks ago, the government had opted to maintain the petrol price at Rs252.63 per liter, while reducing the HSD rate by Rs2 per liter, signaling an effort to balance local price pressures.
Global oil prices showed a downward trend by the end of the trading week. Brent crude futures closed 25 cents lower at $63.90 per barrel, while West Texas Intermediate (WTI) crude dipped 15 cents to settle at $60.79 per barrel. The market observed a more significant drop earlier in the day, as traders anticipated a potential output increase by OPEC+ in July.
Petrol plays a crucial role in daily life, especially for private transport users, small vehicle owners, rickshaw drivers, and motorcyclists. Its pricing directly affects the household budgets of the middle and lower-middle-income segments, who rely heavily on petrol for daily commuting.
In contrast, high-speed diesel is primarily used in commercial and agricultural sectors, powering trucks, buses, trains, and machinery like tractors and tube wells. Its stable price helps limit inflation in food and transport costs, as diesel is a key driver in the supply chain of essential goods.
The latest revision ensures that the petrol price continues to reflect international trends while offering some stability in diesel costs, which supports broader economic activity. As petrol continues to be a vital fuel source, its affordability remains central to consumer welfare and economic mobility.