Karachi, April 13, 2025 – A substantial reduction in petroleum prices is expected in Pakistan during the second half of April, offering potential relief to inflation-stricken consumers.
This anticipated drop comes on the back of falling oil prices in international markets, signaling a favorable shift for domestic fuel costs.
According to media reports, the federal government is preparing to slash petroleum product prices by over Rs 8 per litre starting April 15, 2025. Geo News, citing insider sources, reported that the petrol price is likely to be reduced by Rs 8.27 per litre, while high-speed diesel may see a decrease of approximately Rs 7 per litre.
Kerosene oil and light diesel are also expected to become more affordable, with projected reductions of Rs 7.47 and Rs 7.21 per litre, respectively. This would mark one of the most notable declines in petroleum product prices in recent months, following a steady downtrend in global oil rates.
Last month, the government had offered marginal relief by reducing petrol prices by Re1 per litre, bringing the rate down from Rs 255.63 to Rs 254.63 per litre. However, the price of high-speed diesel was maintained at Rs 258.64 per litre. Prior to that, on March 15, the government had opted to keep all petroleum prices unchanged.
Petrol remains a primary fuel for private transport, motorcycles, rickshaws, and small vehicles. Any fluctuation in its price has a direct impact on the daily expenses of the middle and lower-middle classes, who heavily rely on it for mobility.
High-speed diesel, on the other hand, plays a crucial role in powering Pakistan’s transport and agriculture sectors. It fuels large trucks, buses, trains, and farming machinery. As a result, changes in diesel prices are often considered inflationary, with ripple effects on food supply chains and the overall cost of goods.
With the expected drop in petroleum prices, citizens and businesses alike may receive some much-needed financial relief. The official announcement is anticipated on April 15, 2025, subject to final approval by the Ministry of Finance and recommendations by the Oil and Gas Regulatory Authority (OGRA).