Petrol Prices in Pakistan may decrease further if international crude oil prices continue to fall, Prime Minister’s Adviser Rana Sanaullah has said. He stated that the government is closely monitoring global petroleum markets to determine whether additional relief can be provided to consumers.
According to Rana Sanaullah, the government has formed a dedicated team to observe developments in international oil markets. The team is responsible for reviewing changes in global crude oil prices and assessing their possible impact on domestic fuel costs.
His remarks came after international crude oil prices eased due to reduced tensions between the United States and Iran. Global markets had witnessed sharp price increases during the recent conflict involving the United States, Israel, and Iran. Investors feared that instability in the region could disrupt global energy supplies.
Rana Sanaullah explained that the government introduced a weekly review system for petroleum product prices during the period of uncertainty. This mechanism was designed to respond quickly to fluctuations in international oil prices and protect consumers from sudden market changes.
He said the government remains committed to passing the benefits of lower global oil prices directly to the public. If international crude oil prices continue their downward trend, Petrol Prices and diesel rates in Pakistan could see another reduction in the coming weeks.
The adviser also warned oil marketing companies and other market participants against creating artificial shortages. He said the government would not tolerate any attempt to manipulate fuel supplies or take advantage of changing market conditions.
According to Rana Sanaullah, strict action will be taken against anyone found involved in disrupting the supply of petroleum products. He stressed that ensuring a stable fuel supply remains one of the government’s top priorities.
The government has already provided significant relief to consumers through recent price reductions. On June 19, authorities announced a major cut in petroleum product prices across the country.
Following the decision, the price of petrol was reduced by Rs. 74 per litre. The current petrol price now stands at Rs. 299.78 per litre. At the same time, the government reduced the price of high-speed diesel by Rs. 67 per litre, bringing it down to Rs. 311.56 per litre.
The latest reduction was welcomed by consumers and businesses facing rising transportation and operating costs. Lower fuel prices can also help reduce inflationary pressure by lowering the cost of transporting goods and services.
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While no final decision has been announced regarding another reduction, officials said future Petrol Prices will depend on trends in international crude oil markets. If global prices continue to decline, Pakistani consumers may receive further relief in the next fuel price review.
