ISLAMABAD, March 15, 2025 – Pakistan is set to witness a substantial decrease in petrol prices for the second half of March 2025, with the federal government expected to announce a significant reduction in petroleum product rates.
According to estimates from oil marketing companies (OMCs), petrol prices may be slashed by as much as Rs 14.16 per litre due to a decline in global oil prices and a lower premium on imports. This adjustment is expected to provide much-needed relief to consumers amid fluctuating fuel costs.
Sources reveal that petrol prices could drop from the current Rs 255.63 per litre to Rs 241.47 per litre. Meanwhile, high-speed diesel (HSD) might experience a reduction of Rs 8.70 per litre, bringing its price down from Rs 258.64 to Rs 249.94 per litre.
Similarly, kerosene oil is likely to witness a price cut of Rs 10.33 per litre, reducing it from Rs 168.12 to Rs 157.79 per litre, while light diesel oil (LDO) is expected to decrease by Rs 7.12 per litre, bringing its cost from Rs 153.34 to Rs 146.22 per litre.
However, officials have indicated that the final prices will depend on global oil market trends, with the official announcement expected later today (Saturday). If the estimated reductions are confirmed, consumers will benefit significantly from the petrol price drop, easing transportation costs and lowering inflationary pressures.
Industry experts suggest that the expected decrease in petrol rates aligns with the recent downward trend in international crude oil prices. This adjustment follows the federal government’s minor reduction in fuel prices on February 28, when petrol prices were cut by Re0.50 per litre, and HSD was reduced by Rs 5.31 per litre for the fortnight ending March 15.
The government’s decision to lower petrol prices aims to support consumers and industries reliant on fuel-based transportation and operations. If confirmed, this reduction will mark one of the most significant fuel price cuts in recent months, offering much-needed financial relief to the public.
The economic impact of lower petrol prices extends beyond consumer savings, as it can also contribute to reduced costs in logistics, agriculture, and manufacturing sectors. Market analysts expect that if global oil prices continue their downward trajectory, further reductions in petrol rates could be observed in the coming months, benefiting Pakistan’s economy overall.