In a welcome development for consumers, petrol prices in Pakistan are expected to decrease by Rs9-10 per litre for the first half of August 2025. This reduction comes as a much-needed relief amidst the rising living costs, offering some financial breathing room to millions of Pakistanis.
The anticipated drop in petrol prices is largely due to the decline in global crude oil prices. As a result, the ex-refinery price of petrol has decreased by nearly Rs10 per litre. Diesel prices are also expected to follow suit, with a reduction of Rs3.73 per litre on the cards.
The federal government is preparing to pass on this relief to the public, contingent on approval from the Ministry of Finance. The final decision will be made after reviewing exchange rate fluctuations and revenue targets by July 31, 2025.
Petrol Prices and Diesel Cuts Breakdown:
- Petrol: Current price – Rs272.15, Expected cut – Rs9.7, Expected new price – Rs262.45
- Diesel: Current price – Rs284.35, Expected cut – Rs3.73, Expected new price – Rs280.62
This announcement of price cuts comes just after earlier hikes in petrol prices, which saw an increase of Rs5.36 and diesel rising by Rs11.37 per litre. These previous hikes were primarily driven by global oil price volatility, particularly due to tensions arising from the Iran-Israel conflict.
For many Pakistanis facing high fuel costs, this upcoming reduction in petrol prices will be a significant relief, as it offers a chance for some financial reprieve amid the country’s ongoing economic challenges.
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