Petrol and diesel prices in Pakistan are expected to decrease in the upcoming pricing review after a noticeable decline in global oil markets raised hopes of relief for consumers. Market sources indicated that falling international petroleum rates could lower local fuel prices if the government avoids imposing additional levies or taxes during the next adjustment period.
Read more : Govt slashes petrol price by Rs 6 per litre, diesel by Rs 6.80
According to market estimates, the ex-refinery price of diesel has dropped significantly by Rs31 per litre, while the ex-refinery price of petrol has declined by Rs8.54 per litre. The reduction reflects recent changes in international crude oil prices and fuel trading trends, which directly influence Pakistan’s petroleum import costs and overall pricing calculations.
Meanwhile, the customs duty on petrol has increased by Rs2.86 per litre, pushing the total customs duty from Rs22.75 to Rs25.61 per litre despite the overall decline in fuel prices. At the same time, the ex-refinery price of petrol reportedly fell from Rs277.06 to Rs268.52 per litre, creating room for possible relief in consumer prices during the next review.
Read more : Government raises diesel levy amid inflation pressure –
In addition, market data showed that the premium on petrol per barrel increased by $2.90, rising from $17.44 to $20.34 per barrel despite lower global oil prices. However, the actual per-barrel price of petrol still declined from $144.57 to $138.08, reflecting continued pressure on international energy markets amid changing global economic and geopolitical developments.
Similarly, diesel prices recorded a major reduction in the international market, with the ex-refinery rate dropping from Rs322.28 to Rs291.37 per litre during the latest review period. Sources further stated that diesel prices per barrel fell by $17.61, bringing the rate down from $169.1 to $151.40 and strengthening expectations of lower domestic fuel prices.
However, the final decision regarding petroleum prices will be taken by the government after consultations between Prime Minister Shehbaz Sharif and the economic team while considering revenue targets and fiscal requirements. Analysts believe consumers may receive meaningful relief if authorities avoid increasing the petroleum levy margin, which has often reduced the impact of falling international oil prices in previous adjustments.